SEC Form 4 · accession 0001127602-16-043603
INTEL CORP · INTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stacy J Smith
Officer — Exec VP and CFO
Period of report
Feb 24, 2016
Accepted (ET)
Feb 26, 2016 · 4:30 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 StockF1,F2 | Feb 24, 2016 | M | 87,061 | $0.00 | A | 299,549 | D | |
| Common StockF3 | Feb 24, 2016 | F | 45,429 | $28.8375 | D | 254,120 | 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 UnitsF4,F5,F6 | $0.00 | Feb 24, 2016 | M | 85,160 | D | Feb 24, 2016 | — | Common Stock | 85,160 | 0 | D |
Explanation of responses
- F1Shares acquired on the vesting of restricted stock units.
- F2Includes 863 shares acquired under the Company's Stock Purchase Plan on February 19, 2016.
- F3Shares withheld for payment of tax liability.
- F4Each Performance-based Restricted Stock Unit (RSU) represents the right to receive, following vesting, no less than 50% and no more than 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 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.
- F5Unless earlier forfeited under the terms of the Performance-based RSU, each Performance-based RSU vests and converts into no less than 50% and 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.
- F6Due to a limitation in the filing software, the total number of shares of Common Stock received was 87,061 as reported above in Table I. The conversion rate of the Performance-based Restricted Stock was 92.853%. Upon conversion of the RSUs, the Reporting Person received 79,073 shares of Common Stock. Upon conversion of $238,800 in dividend equivalents, the Reporting person received an additional 7,988 shares of Common Stock.