The former chief financial officer of
, 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.
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, "
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,
Shares of Cupertino, Calif.-based Apple closed Monday up 2.8% to $93.51.