SEC Form 4 · accession 0001209191-15-074797
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 5, 2015
Accepted (ET)
Oct 7, 2015 · 9:46 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 6, 2015 | S | 7,582 | $110.11 | D | 410 | D | |
| Common StockF1,F3 | Oct 6, 2015 | S | 200 | $111.20 | D | 210 | 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 UnitF4,F5 | — | Oct 5, 2015 | A | 108,323 | A | — | — | Common Stock | 108,323 | 108,323 | D |
| Restricted Stock UnitF4,F6 | — | Oct 5, 2015 | A | 65,264 | A | — | — | Common Stock | 65,264 | 65,264 | D |
Explanation of responses
- F1This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 21, 2015.
- F2This transaction was executed in multiple trades at prices ranging from $109.77 to $110.43; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the Registrant, or a security holder of the Registrant.
- F3This transaction was executed in multiple trades at prices ranging from $110.96 to $111.43; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the Registrant, or a security holder of the Registrant.
- F4Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F5These restricted stock units are scheduled to vest as to one-third of the units on each of April 1, 2018, April 1, 2019 and April 1, 2020.
- F6Vesting of these restricted stock units depends on Apple Inc.'s relative total shareholder return from September 27, 2015 through September 29, 2018. The "target" number of restricted stock units is reported. Between 0% and 200% of the target number of units may vest on October 1, 2018, with the vesting percentage determined based on actual performance.