SEC Form 4 · accession 0001127602-17-008659
INTEL CORP · INTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stacy J Smith
Officer — EVP Mfg, Ops & Sales
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 5:19 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 23, 2017 | M | 175,120 | $0.00 | A | 401,403 | D | |
| Common StockF3 | Feb 23, 2017 | F | 91,379 | $36.10 | D | 310,024 | 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 23, 2017 | M | 80,650 | D | Feb 23, 2017 | — | Common Stock | 80,650 | 0 | D |
Explanation of responses
- F1Shares acquired on the vesting of restricted stock units.
- F2Includes 719 shares acquired under the Company's Stock Purchase Plan on February 17, 2017.
- F3Shares withheld for payment of tax liability.
- F4Each 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.
- F5Unless 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.
- F6Due to a limitation in the filing software, the total number of shares of Common Stock received was 175,120 as reported above in Table I. The conversion rate of the Performance-based Restricted Stock was 200%. Upon conversion of the RSUs, the Reporting Person received 161,300 shares of Common Stock. Upon conversion of $509,708 in dividend equivalents, the Reporting person received an additional 13,820 shares of Common Stock.