WASHINGTON -- Apple Computer Inc. disclosed Tuesday that Jonathan Rubinstein, senior vice president of its iPod division, realized $26.37 million in value from exercising 3 million stock options last year.

For 2004, Rubinstein's compensation included a restricted stock grant valued at about $6.38 million and a salary totaling $485,216.

In its annual proxy statement filed with the Securities and Exchange Commission, the Cupertino, Calif.-based company also said Timothy D. Cook, executive vice president of worldwide sales and operations, realized $14.17 million in value from exercising 2.7 million stock options in 2004.

Cook received a restricted stock grant in 2004 valued at about $7.7 million, as well as a salary of roughly $602,632, according to the proxy.

Separately, Apple said Chief Executive Steven P. Jobs received a salary of $1 a year. He received no other compensation during 2004, the filing said.

The company's top executive has 10 million shares of restricted stock that were granted to him in 2003. The shares vest in full on the third anniversary of the grant date, subject to his continued employment with the company.

In addition, Jobs, who is also a co-founder of Apple, has 120,000 fully vested options that he received in 1997 under the director stock option plan.

Since accepting the position of chief executive, Jobs, who also holds the title of chairman and CEO of Pixar Animation Studios, is no longer eligible for grants under the director stock option plan and receives no additional compensation for attending board meetings.

Shares of Apple rose 10 cents to $40.42 in early trading Tuesday on the Nasdaq Stock Market.