SEC Form 4 · accession 0001209191-16-110273
Apple Inc. · AAPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey E Williams
Officer — COO
Period of report
Mar 21, 2016
Accepted (ET)
Mar 23, 2016 · 6:31 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 | Mar 21, 2016 | M | 525,000 | — | A | 528,079 | D | |
| Common StockF3 | Mar 21, 2016 | F | 256,356 | $105.91 | D | 271,723 | D | |
| Common StockF4,F5 | Mar 22, 2016 | S | 268,644 | $106.91 | D | 3,079 | 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,F6 | — | 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.
- F2The number of securities reported reflects the acquisition on January 31, 2016 of 211 shares of Apple Inc.'s common stock pursuant to the Apple Inc. Amended Employee Stock Purchase Plan ("ESPP") for the ESPP purchase period of August 1, 2015 through January 31, 2016.
- F3Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of restricted stock units.
- F4This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2015.
- F5This transaction was executed in multiple trades at prices ranging from $106.61 to $107.28; 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.
- F6This 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.