SEC Form 4 · accession 0001127602-16-038118
INTEL CORP · INTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Venkata S M Renduchintala
Officer — EVP, Pres Client & IOT & SAG
Period of report
Jan 25, 2016
Accepted (ET)
Jan 27, 2016 · 8:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000050863
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-based Restricted Stock UnitsF1,F2 | $0.00 | Jan 25, 2016 | A | 92,280 | A | Feb 25, 2019 | — | Common Stock | 92,280 | 92,280 | D |
| Restricted Stock UnitsF3,F4 | $0.00 | Jan 25, 2016 | A | 270,970 | A | Apr 25, 2016 | — | Common Stock | 270,970 | 270,970 | D |
| Restricted Stock UnitsF3,F4 | $0.00 | Jan 25, 2016 | A | 80,290 | A | Apr 25, 2016 | — | Common Stock | 80,290 | 80,290 | D |
Explanation of responses
- F1Each performance-based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 200% of one share of Intel common stock, together with dividend equivalent shares on the vested number of shares. The resulting number of shares of Intel common stock acquired upon vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on the grant date and ending on the third anniversary of the grant date, unless that date falls on a date that the NASDAQ Stock Market is closed, in which case the next business date that the NASDAQ Stock Market is open shall apply.
- F2Unless earlier forfeited under the terms of the performance-based RSU, each performance-based RSU vests and converts into no more than 200% of one share of Intel common stock three years and one month after the grant date (together with dividend equivalent shares thereon), unless that date falls on a non-business date, in which case the next business date shall apply.
- F3Each restricted stock unit represents the right to receive, following vesting, one share of Intel Corporation common stock.
- F4Unless earlier forfeited under the terms of the RSU, 1/12th of the awards vest and convert into common stock in twelve substantially equal quarterly tranches, beginning on April 25, 2016. If the quarterly vesting date falls on a non-business date, the next business date shall apply.
Remarks
Confirming Statement - Exhibit 24