SEC Form 4 · accession 0001209191-15-074801
Apple Inc. · AAPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip W Schiller
Officer — Senior Vice President
Period of report
Oct 5, 2015
Accepted (ET)
Oct 7, 2015 · 9:48 pm EDT
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 | — | Oct 5, 2015 | A | 108,323 | A | — | — | Common Stock | 108,323 | 108,323 | D |
| Restricted Stock UnitF1,F3 | — | Oct 5, 2015 | A | 65,264 | A | — | — | Common Stock | 65,264 | 65,264 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
- F2These 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.
- F3Vesting 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.