SEC Form 4 · accession 0000320193-17-000059
Apple Inc. · AAPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Luca Maestri
Officer — Senior Vice President, CFO
Period of report
Oct 15, 2017
Accepted (ET)
Oct 17, 2017 · 6:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000320193
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Oct 15, 2017 | M | 12,558 | — | A | 70,023 | D | |
| Common StockF3 | Oct 15, 2017 | F | 6,815 | $156.99 | D | 63,208 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F4 | — | Oct 1, 2017 | A | 64,885 | A | — | — | Common Stock | 64,885 | 64,885 | D |
| Restricted Stock UnitF1,F5 | — | Oct 15, 2017 | A | 63,699 | A | — | — | Common Stock | 63,699 | 63,699 | D |
| Restricted Stock UnitF1,F2,F6 | — | Oct 15, 2017 | M | 12,558 | D | — | — | Common Stock | 12,558 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F2This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.
- F3Shares withheld by Registrant to satisfy tax withholding requirements on vesting of restricted stock units. No shares were sold.
- F4Vesting of these restricted stock units depends on Apple's relative total shareholder return from the first day of Apple's fiscal 2018 and ending with the last day of Apple's fiscal 2020. The "target" number of restricted stock units is reported. Between 0% and 200% of the target number of units may vest on October 1, 2020, with the vesting percentage determined based on actual performance.
- F5These restricted stock units are scheduled to vest as to one-third of the units on each of April 1, 2020, April 1, 2021 and April 1, 2022.
- F6This award was granted on October 7, 2013. 12.5% of the award vested on April 15, 2014 and the remaining restricted stock units vested 12.5% in semi-annual installments over the four-year period ending October 15, 2017.