San Jose, Calif. – Apple chief executive Steve Jobs has been subpoenaed by the Securities and Exchange Commission to give a deposition in a stock-options backdating case against Apple’s former general counsel, a person familiar with the case told The Associated Press on Thursday.
Jobs was subpoenaed as part of the discovery process in the SEC’s civil case against Nancy Heinen, according to the person, who spoke on condition of anonymity because the case is ongoing.
Heinen is accused of fraudulent backdating and of altering company records to conceal the fraud.
The case, filed in April in U.S. District Court of Northern California in San Jose, centers on two large options grants to Apple executives in 2001, including one to Jobs.
Jobs has not been charged by the SEC, and people familiar with the matter say the subpoenas do not indicate he is being targeted. He is being ordered to testify.
Heinen is fighting the SEC’s allegations that she modified documents to backdate the grant to Jobs to reflect that it had been approved during an October 2001 meeting that never occurred.
