SEC Form 4 · accession 0001628280-16-020123

Apple Inc. · AAPL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Johny Srouji

Officer — Senior Vice President

Period of report

Oct 14, 2016

Accepted (ET)

Oct 18, 2016 · 8:07 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 Stock	Oct 13, 2016	G	1,425	$0.00	D	105,117	D
Common Stock	Oct 13, 2016	G	475	$0.00	A	475	I	By Child
Common Stock	Oct 13, 2016	G	475	$0.00	A	475	I	By Child
Common Stock	Oct 13, 2016	G	475	$0.00	A	475	I	By the Reporting Person as Custodian for Child
Common Stock^F1,F2	Oct 15, 2016	M	42,734	—	A	147,851	D
Common Stock^F3	Oct 15, 2016	F	21,447	$117.63	D	126,404	D
Common Stock	holding	—	—		—	91	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 Unit^F1,F4	—	Oct 14, 2016	A	85,013	A	—	—	Common Stock	85,013	85,013	D
Restricted Stock Unit^F1,F5	—	Oct 14, 2016	A	64,654	A	—	—	Common Stock	64,654	64,654	D
Restricted Stock Unit^F1,F2,F6	—	Oct 15, 2016	M	8,688	D	—	—	Common Stock	8,688	0	D
Restricted Stock Unit^F1,F2,F7	—	Oct 15, 2016	M	13,455	D	—	—	Common Stock	13,455	26,903	D
Restricted Stock Unit^F1,F2,F8	—	Oct 15, 2016	M	9,307	D	—	—	Common Stock	9,307	37,228	D
Restricted Stock Unit^F1,F2,F9	—	Oct 15, 2016	M	11,284	D	—	—	Common Stock	11,284	67,702	D

Explanation of responses

F1Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F2This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.
F3Shares withheld by Apple to satisfy the minimum statutory tax withholding requirements on vesting of restricted stock units. No shares were sold.
F4These restricted stock units are scheduled to vest as to one-third of the units on each of April 1, 2019, April 1, 2020 and April 1, 2021.
F5Vesting of these restricted stock units depends on Apple's relative total shareholder return from September 25, 2016 through September 28, 2019. The "target" number of restricted stock units is reported. Between 0% and 200% of the target number of units may vest on October 1, 2019, with the vesting percentage determined based on actual performance.
F6This award was granted on October 27, 2012. 12.5% of the award vested on April 15, 2013 and the remaining restricted stock units vest 12.5% in semi-annual installments over the four-year period ending October 15, 2016.
F7This award was granted on October 7, 2013. 12.5% of the award vested on April 15, 2014 and the remaining restricted stock units vest 12.5% in semi-annual installments over the four-year period ending October 15, 2017, assuming continued employment through the applicable vesting date.
F8This award was granted on October 10, 2014. 12.5% of the award vested on April 15, 2015 and the remaining restricted stock units vest 12.5% in semi-annual installments over the four-year period ending October 15, 2018, assuming continued employment through the applicable vesting date.
F9This award was granted on October 5, 2015. 12.5% of the award vested on April 15, 2016 and the remaining restricted stock units vest 12.5% in semi-annual installments over the four-year period ending October 15, 2019, assuming continued employment through the applicable vesting date.