SEC Form 4 · accession 0001127602-18-004162
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
Jan 30, 2018
Accepted (ET)
Feb 5, 2018 · 8:53 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 | Feb 1, 2018 | M | 6,094 | $0.00 | A | 256,094 | D | |
| Common StockF2 | Feb 1, 2018 | F | 3,022 | $47.96 | D | 253,072 | D | |
| Common StockF3,F4 | Feb 2, 2018 | S | 3,072 | $47.1047 | D | 250,000 | 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 UnitsF5,F6 | $0.00 | Jan 30, 2018 | A | 237,632 | A | Feb 28, 2021 | — | Common Stock | 237,632 | 237,632 | D |
| Restricted Stock UnitsF7,F8 | $0.00 | Jan 30, 2018 | A | 68,727 | A | Apr 30, 2018 | — | Common Stock | 68,727 | 68,727 | D |
| Restricted Stock UnitsF7,F9 | $0.00 | Feb 1, 2018 | M | 6,094 | D | May 1, 2017 | — | Common Stock | 6,094 | 48,749 | D |
Explanation of responses
- F1Shares acquired on the vesting of restricted stock units.
- F2Shares withheld for payment of tax liability.
- F3Transactions reported on this Form 4 were made pursuant to trading instructions adopted by the reporting person on October 30, 2017 that are intended to comply with Rule 10b5-1(c).
- F4This transaction was executed in multiple trades at prices ranging from $46.75 to $47.53. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5Each performance-based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 200% of one share of Intel common stock. The 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.
- F6Unless 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, unless that date falls on a non-business date, in which case the next business date shall apply.
- F7Each restricted stock unit represents the right to receive, following vesting, one share of Intel Corporation common stock.
- F8Unless 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 30, 2018. If the quarterly vesting date falls on a non-business date, the next business date shall apply.
- F9Unless 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 May 1, 2017. If the quarterly vesting date falls on a non-business date, the next business date shall apply.