I would have prefered a "copy" of the app, even though I don't own an iphone. Offering me equity for something trivial that I would have done for fun, for free, well .. just makes me feel both horrible. I don't want anybody to go through paperwork or calll up the lawyer or print me a stock certificate for $1 just because I suggested a name for the app.

You can always offer your help for free and decline the "compensation". So it's not a problem.

And by the way, I'm talking virtual equity, so there won't be any lawyer fees, even for a minuscule amount of virtual shares.

well... trivial? It could be the difference between 10 sales and 10,000

At the end of the day if you dont want the hastle just say "thanks but I'd prefer a copy of the app please" ... I suspect you'll find them amenable ;)