SEC Form 4 · accession 0001127602-16-052694
INTEL CORP · INTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian M Krzanich
Officer — CEO · Director
Period of report
May 16, 2016
Accepted (ET)
May 18, 2016 · 4:31 pm EDT
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 | May 16, 2016 | M | 2,070 | $0.00 | A | 401,917 | D | |
| Common StockF2 | May 16, 2016 | F | 1,081 | $30.39 | D | 400,836 | D | |
| Common StockF1 | May 16, 2016 | M | 33,592 | $0.00 | A | 434,428 | D | |
| Common StockF2 | May 16, 2016 | F | 17,529 | $30.39 | D | 416,899 | 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 UnitsF3,F4 | $0.00 | May 16, 2016 | M | 2,070 | D | Aug 16, 2013 | — | Common Stock | 2,070 | 0 | D |
| Performance-based Restricted Stock UnitsF5,F6,F7 | $0.00 | May 16, 2016 | M | 33,050 | D | May 16, 2016 | — | Common Stock | 33,050 | 0 | D |
Explanation of responses
- F1Shares acquired on the vesting of restricted stock units.
- F2Shares withheld for payment of tax liability.
- 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 August 16, 2013. If the quarterly vesting date falls on a non-business date, the next business date shall apply.
- F5Each 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.
- F6Unless 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 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.
- F7Due to a limitation in the filing software, the total number of shares of Common Stock received was 33,592 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 30,687 shares of Common Stock. Upon conversion of $86,844 in dividend equivalents, the Reporting person received an additional 2,905 shares of Common Stock.