SEC, Apple Ex-CFO Settle

The former chief financial officer of Apple(AAPL Quote), late Monday has settled with the Securities and Exchange Commission regarding his alleged role in the company's stock options backdating, according to a report.

The Wall Street Journal said that Fred Anderson settled with the SEC, agreeing to pay a fine of about $150,000 and to repay option gains of roughly $3.5 million.

Anderson will not admit to any wrongdoing, and won't be "barred from serving as a corporate officer or board member of public companies, " the Journal said on its Web site, citing unnamed sources.

The SEC is expected to pursue a civil lawsuit against former general counsel Nancy Heinen, the report said.

Heinen, who unnamed sources say will be accused of manipulating one of her own option awards and a grant to CEO Steve Jobs, is likely to contest the charges, the Journal reported.

Shares of Cupertino, Calif.-based Apple closed Monday up 2.8% to $93.51.