SEC, Apple Ex-CFO Settle

The former chief financial officer of Apple(AAPL Quote - Cramer on AAPL - Stock Picks), 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.