Apple CEO Steve Jobs was subpoenaed to give a deposition in the backdating lawsuit against the company's former general counsel, Nancy Heinen, over stock options backdating, a report claims.
According to Bloomberg, which cites "two people familiar with the matter", the subpoena wasn't part of the SEC investigation, but related to the regulators taking legal action against Heinen for her involvement in innacurate reporting of stock option backdating movements by Apple.
Heinen was sued on 24 April for "allegedly backdating stock-option grants to Jobs and members of his executive team," the report claims. The suit specifically relates to Heinen's involvement in "allegedly backdating a 7.5 million share-option grant to Jobs in 2001 and an earlier grant to his executive team," the report adds.
Heinen's lawyers sought to depose 45 people, including the recipients of the grants, according to a court filing.
The SEC alleges Heinen directed her staff to prepare documents that falsely stated the company's board approved the grants on the earlier date, the SEC said in its lawsuit. Heinen has denied these claims.
The SEC has said it will not sue Apple, which found no misconduct among its executive team on the matter.
SEC claims against former Apple chief financial officer Fred Anderson were settled out of court when Anderson agreed to forfeit $3.5 million in gains from stock-option grants and pay a $150,000 fine.