SEC Form 4 · accession 0001127602-18-004167
INTEL CORP · INTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Thomas McBride
Officer — VP Finance, Controller
Period of report
Jan 30, 2018
Accepted (ET)
Feb 5, 2018 · 8:57 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 | 234 | $0.00 | A | 6,563 | D | |
| Common StockF2 | Feb 1, 2018 | F | 91 | $47.96 | D | 6,472 | 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 UnitsF3,F4 | $0.00 | Jan 30, 2018 | A | 4,802 | A | Feb 28, 2021 | — | Common Stock | 4,802 | 4,802 | D |
| Restricted Stock UnitsF5,F6 | $0.00 | Jan 30, 2018 | A | 3,703 | A | Apr 30, 2018 | — | Common Stock | 3,703 | 3,703 | D |
| Restricted Stock UnitsF5,F7 | $0.00 | Feb 1, 2018 | M | 234 | D | May 1, 2017 | — | Common Stock | 234 | 1,879 | D |
Explanation of responses
- F1Shares acquired on the vesting of restricted stock units.
- F2Shares withheld for payment of tax liability.
- F3Each 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.
- F4Unless 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.
- F5Each restricted stock unit represents the right to receive, following vesting, one share of Intel Corporation common stock.
- F6Unless 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.
- F7Unless 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.