4600000 Shares Apple Computer, Inc. - The SWTPC Computer ...

IIn a private placement in January 1978 the Company sold an aggregate of 5,520,000 shares ofCommon Stock at a purchase price of $.09 per share for an aggregate purchase price of $517,500 toa group of private investors. Of these shares, 640,000 were purchased by Mr. Arthur Rock, a directorof the Company, and 3,200,000 were purchased by Venrock Associates, a venture capital limitedpartnership of which Mr. Henry S. Smith, a former director of the Company, and Mr. Peter 0. Crisp,a director of the Company, are general partners. Mr. Smith and his successor, Mr. Crisp, were electedto the Board of Directors pursuant to a common stock purchase agreement and related letter agreecment with certain major shareholders executed in connection with such private placement, whichdocuments provide that, so long as Venrock Associates is a holder of at least 5% of the outstandingshares of Common Stock of the Company, at least one person nominated by V enrock Associates is tobe elected to the Board. In addition, V enrock Associates purchased 22,222 shares of Preferred Stock,Series A, from the Company in a private placement in September 1978 at a purchase price of $9.00per share for an aggregate purchase price of $199,998. These shares were subsequently converted, inaccordance with their terms, into 711,104 shares of Common Stock (giving effect to subsequent stocksplits).The following table sets forth the number of shares of Common Stock which were sold to andthe price paid therefor by officers and directors of the Company other than the promoters:NameMichael M. ScottCarl H. CarlsonGene P. Carter ........... .John D. CouchAlbert A. Eisenstat .Frederick Rodney Holt ..Thomas Whitney ....Kenneth R. ZerbeArthur Rock ..Philip S. Schlein ......... .Henry E. SingletonShares1,280,0001,920,000200,000(2)100,000(2)160,000160,000(2)40,000( 4)160,000(2)160,000(2)80,000(2)80,000(2)160,000(2)80,000(2)160,000(4)800,000960,000106,656(2)106,656(2)320,000(2)320,000(2)640,000(2)160,000(2)800,000100,000(4)640,00032,00080,000( 4)1,120,00080,000( 4)Price perShareDate ofPurchase$ .01 11/77.09(1) 8/781.31( 1) 10/791.31( 1) 10/80.09 6/78.09 1/791.31 ( 5) 12/79.09(3) 2/80.09(3) 11/80.09( 1).09(3)10/782/80.09(1) 4/801.31( 1) 4/802.75(1) 7/80.01 11/77.09( 1) 8/78.19(3) 2/80.19 11/80.09( 1) 10/78.09(3) 2/80.09( 1) 4/801.31( 1) 4/80.31( 1) 5/792.75(1) 7/80.09 1/78.31 7/792.75(6) 4/80.09 9/782.75(6) 4/80( 1) Payment was made by a 6% promissory note due five years from its· date and secured by theshares purchased.(2) Represents shares issued upon exercise of options under the Company's stock option plans.( 3) Payment was made with the proceeds of a bank loan guaranteed by the Company.( 4) Represents shares purchased under the 1980 Key Employee Stock Purchase Plan. See "Management-KeyEmployee Stock Purchase Plan".(5) Payment was made by a 7% promissory note due five years from its date and secured by theshares purchased.(6) Payment was made by a 7% promissory note due four years from its date and secured by theshares purchased.26I·