Exhibit (a)(1)(F)
Date:
March 20, 2003
Subject:
Employee Stock Option Exchange Program
Team:
Yesterday Apple's Board of Directors approved a voluntary Employee Stock Option Exchange program which will allow you to exchange stock options you hold with exercise prices at or above $25.00 for a lesser number of options at fair market value. If you elect to participate, your current options will be cancelled on April 18, and your new options will be granted six months and a day later with an exercise price equal to the fair market value of Apple stock on the new grant date.
The number of new options you will receive depends on the exercise pr ...
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