The Financial Times reports that Apple CEO Steve Jobs was awarded 7.5 million stock options in 2001 without required authorisation.
The report cites "people familiar with the matter," saw documents "that purported to show a full board meeting had taken place to approve Mr Jobs' remuneration, as required by Apple's procedures, were later falsified."
The FT report points towards an Apple filing in 2002 which stated that the options in hand were given to Jobs in October of 2001, at a price of $18.30 a share.
The publications goes onto write; "the purported board authorisation was dated near the end of the year, suggesting that the benefits were both not properly authorised and were backdated."
Jobs later surrendered the shares gaining no benefit from them but was given 10 million split adjusted shares as a replacement.
The official results are expected in Fridays release of Apple's Form 10-K for Fiscal 2006.