SEC Form 4 · accession 0000320193-17-000078
Apple Inc. · AAPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Katherine L. Adams
Officer — SVP, General Counsel
Period of report
Nov 13, 2017
Accepted (ET)
Nov 15, 2017 · 6:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000320193
Table I — non-derivative securities
No Table I lines on this filing.
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,F2 | — | Nov 13, 2017 | A | 57,482 | A | — | — | Common Stock | 57,482 | 57,482 | D |
| Restricted Stock UnitF1,F3 | — | Nov 13, 2017 | A | 57,482 | A | — | — | Common Stock | 57,482 | 57,482 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F2This award was granted on November 13, 2017. The award will vest 25% on each of May 13, 2018; November 13, 2018; November 13, 2019; and November 13, 2020.
- F3Vesting of these restricted stock units depends on Apple's relative total shareholder return from the date of grant of the award 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.