Steve Jobs deposition, page 89, March 18, 2009[ << page 89 >> ] img
: b`/QI
what an underwater option is, but just to make sure 11:30:49
everyone is operating from the same playing field,
could you describe for me what you understand it to
be?
A. An option whose exercise price is higher 11:30:57
than the market price.` Is that right?
Q. That sounds about right.
A. Yes.
Q. I just wanted to make sure I'm going with
11:31:11
what your understanding is.
All right. And so in this context of the
work you were doing for Apple, and you mentioned not
seeing your family a lot and
A. I thought I was doing a pretty good job.
Q, Right. And so I assume you communicated 11:31:23
that to members of App1e's board?
A. Yeah.
Q. And I guess did that - I mean, how did you
go about communicating that at first?
A. I don't really remember. My guess is that 11:31:35
I probably talked to{ about it.
E; ;]
Q. And did you when you first discussed
this withI mean, was it -- in other
[j 5]
words, was the discussion in the context of an
options grant as a way of recognizing you for your 11:31:48
366 299-5127
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