UPDATE 4-Apple ex-CFO links Jobs to backdated options

(Adds more details from SEC filing)

By Michael Kahn

SAN FRANCISCO, April 24 (Reuters) - Apple Inc.'s (AAPL.O: Quote, Profile, Research, Stock Buzz) former finance chief said on Tuesday he relied on Chief Executive Steve Jobs in the handling of backdated stock options, putting the spotlight on the CEO in the scandal.

The U.S. Securities and Exchange Commission charged former Apple Chief Financial Officer Fred Anderson and ex-General Counsel Nancy Heinen with securities fraud, but settled with Anderson on Tuesday. It said they schemed to backdate over $20 million worth of stock options awarded to Jobs, themselves and other executives.

The agency said it would not bring any enforcement action against Apple, but that did not preclude more action against individuals at the company, said an SEC official in San Francisco.

The SEC complaint filed in the U.S. District Court for Northern California said Heinen caused the backdating of stock options and Anderson should have noticed it.

It said the false grant dates helped Apple avoid reporting nearly $40 million in expenses and said Heinen had fictitious board notes created regarding the options.

"Shortly after the Board approved the 7.5 million option grant, Jobs expressed dissatisfaction with its vesting schedule," the complaint said of the period after August 2001.

After a back and forth until December, the filing alleges, Heinen set an options price of $18.30 -- although the stock at the time was trading at $21.01.