SEC Form 4 · accession 0001209191-16-110271
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
Mar 21, 2016
Accepted (ET)
Mar 23, 2016 · 6:30 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 | Mar 21, 2016 | M | 525,000 | — | A | 525,000 | D | |
| Common StockF2 | Mar 21, 2016 | F | 256,356 | $105.91 | D | 268,644 | D | |
| Common StockF3 | Mar 21, 2016 | G | 268,644 | $0.00 | D | 0 | D | |
| Common StockF3,F4 | Mar 21, 2016 | G | 268,644 | $0.00 | A | 318,219 | I | By Trust |
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,F5 | — | Mar 21, 2016 | M | 525,000 | D | — | — | Common Stock | 525,000 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.
- F2Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of restricted stock units. No shares were sold.
- F3These entries reflect the transfer of securities by the reporting person to a family trust.
- F4Shares held by a family trust of which the reporting person is a trustee. The reporting person disclaims beneficial ownership in these shares except as to the reporting person's pecuniary interest in the trust.
- F5This award was granted on November 2, 2011. 50% of the restricted stock units subject to the award vested on June 21, 2013, and the remaining 50% vested on March 21, 2016.