SEC Form 4 · accession 0001127602-17-024181
INTEL CORP · INTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B Yoffie
Director
Period of report
Jul 24, 2017
Accepted (ET)
Jul 26, 2017 · 5:48 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 | Jul 24, 2017 | M | 1,067 | $0.00 | A | 46,083 | D | |
| Common StockF1 | Jul 24, 2017 | M | 3,922 | $0.00 | A | 50,005 | D | |
| Common Stock | holding | — | — | — | 159,114 | I | Joint account with spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | $0.00 | Jul 24, 2017 | M | 1,067 | D | Jul 24, 2015 | — | Common Stock | 1,067 | 0 | D |
| Performance-based Restricted Stock UnitsF4,F5,F6 | $0.00 | Jul 24, 2017 | M | 1,815 | D | Jul 24, 2017 | — | Common Stock | 1,815 | 0 | D |
Explanation of responses
- F1Shares acquired on the vesting of restricted stock units.
- F2Each restricted stock unit represents the right to receive, following vesting, one share of Intel Corporation common stock.
- F3Unless earlier forfeited under the terms of the RSU, 33 1/3% of the awards vest and convert into common stock on each anniversary of the grant date, unless that date falls on a non-business date, in which case the next business date shall apply.
- 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 January 23, 2014 and ending on January 23, 2017, 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 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 3,922, as reported above in Table I. The conversion rate of the Performance-based Restricted Stock was 200.000%. Upon conversion of the RSUs, the Reporting Person received an additional 1,815 shares of Common Stock. Upon conversion of $10,781.10 in dividend equivalents, the Reporting person received an additional 292 shares of Common Stock.