Apple backdating settlement

Heinen, who was charged at the federal level by the Commission last year, also agreed to be barred from serving as an officer or director of any public company for five years, and be suspended from appearing or practicing as an attorney before the Commission for three years.

Separately, the Commission also alleged improprieties in connection with a December 2001 grant of 7.5 million options to chief executive Steve Jobs.

The Commission further alleges that Heinen then signed fictitious Board minutes stating that Apple's Board had approved the grant to Jobs on October 19 at a "Special Meeting of the Board of Directors" — a meeting that, in fact, never occurred.

Heinen consented to settlement offered by the SEC without admitting or denying the allegations, however.

Jobs' options were also subsequently canceled when the fraud was brought to light and resulted in no financial gain to the oh-so-neglected CEO.

Former Apple general counsel Nancy Heinen has accepted a series of sanctions and agreed to pay .2 million to settle backdating charges filed against her, the Securities and Exchange Commission said Thursday.