Steve Jobs deposition, page 85, March 18, 2009


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11:25:29
It says:
"We affirm that stock options that are
granted through the C0mpanys approved
stock option plans are granted at fair
value at the date of grant. The Company is 11:25:37
responsible for determining the assumptions
used in the BlackScholes optionpricing
model used to determine the fair value of
options grants. The Company used the best
information available to determine those 11:25:50
assumptions,
Do you see that?
I do.
Do you have an understanding as to why that
information would be communicated to Apples 11:25:55
auditors?

A. The Black-Scholes optionpricing models?
Q. Well, actually, we can break it down.
First, the affirmation that options are granted at
11:26:10
fair value at the date of the grant.
A. I mean, I've since learned some things in
the last 18 months; but at this point in time, I
didn't understand that, no.
Q. Okay. And, again,just for the sake of it,
again excluding any conversations y0u've had with 11:26:30



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