Apple
APPLE COMPUTER INC (Form: 8-K, Received: 01/24/2000 17:19:05)

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report:           January 19, 2000
Date of earliest
event reported:           January 19,2000

Apple Computer, Inc.
(Exact name of registrant as specified in its charter)

          California                        0-10030            94-2404110
         ------------                      ---------          ------------
  (State or other jurisdiction          (Commission File    (I.R.S. Employer
of incorporation or organization)            Number)       Identification No.)

1 Infinite Loop, Cupertino, California 95014
(Address of principal executive offices)

Registrant's telephone number, including area code: (408) 996-1010

Not Applicable
(Former name or former address, if changed since last report.)

INFORMATION INCLUDED IN THIS REPORT

Items 1 through 4, 6 and 8 Not Applicable.

Item 5. OTHER EVENTS.

(i) Reference is made to the press release issued to the public by the registrant on January 19, 2000, the text of which is attached hereto as an exhibit, for a description of the events reported pursuant to this Form 8-K.

Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(c) Exhibits

99.1. Text of press release dated January 19, 2000.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

APPLE COMPUTER, INC.

                                          By: /s/ Fred Anderson
                                                  -------------
                                              Executive Vice President and Chief
                                              Financial Officer

Date: January 21, 2000

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INDEX TO EXHIBITS

Exhibit            Document
------             --------

99.1               Text of Press Release dated January 19, 2000

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Apple Board of Directors Announces CEO Compensation

CUPERTINO, California--January 19, 2000--Apple-Registered Trademark- today announced that its Board of Directors has unanimously voted to grant the Company's CEO Steve Jobs stock options to purchase ten million shares of Apple common stock and to give him a Gulfstream V airplane in recognition of his service to the Company during the past two and a half years.

"Apple's market cap has risen from less than $2 billion to over $16 billion under Steve's leadership since his return to the Company two and a half years ago," said Apple Board member Ed Woolard.

"Steve has taken no compensation thus far, and we are therefore delighted to give him this airplane in appreciation of the great job he has done for our shareholders during this period."

"Steve's stock options were granted a week ago at the then-market price, and will gain value only as Apple's stock price rises, to the benefit of all shareholders," said Apple Board member Jerry York. "This grant reflects Steve's and the Board's confidence in the future value of Apple."

Steve's salary will remain at $1 per year.

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Apple is committed to bringing the best personal computing experience to students, educators, creative professionals and consumers around the world through its innovative hardware, software and Internet offerings.

Press Contacts:
Rhona Hamilton
Apple
(408) 974-6439
hamilton@apple.com

Katie Cotton
Apple
(408) 974-7269
katiec@apple.com

NOTE TO EDITORS: For additional information visit Apple's PR web site (www.apple.com/pr/) or call Apple's Media Helpline at (408) 974-2042.

-C- 2000 Apple. All rights reserved. Apple, the Apple logo and Macintosh are either registered trademarks or trademarks of Apple. Other company and product

names may be trademarks of their respective owners.