(Bloomberg) -- Former Apple Inc. Chief Financial Officer Fred Anderson agreed to pay $3.5 million to resolve Securities and Exchange Commission claims over backdated stock option grants to Apple executives approved by Chief Executive Officer Steve Jobs, a person familiar with the case said.
Anderson, 62, Apple's finance chief from 1996 to 2004, will also pay a $150,000 fine to settle claims that he filed false financial reports and had inadequate accounting controls at the Cupertino, California-based company, the person said. The stock option grants at issue were given final approval by Jobs and Apple's board in early February 2001, and backdated to Jan. 17, boosting their value, the person said.
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