SEC Form 4 · accession 0001127602-19-003415
INTEL CORP · INTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Navin Shenoy
Officer — EVP, GM - Data Center Group
Period of report
Jan 30, 2019
Accepted (ET)
Feb 1, 2019 · 5:02 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 | Jan 30, 2019 | M | 2,784 | — | A | 52,693 | D | |
| Common Stock | Jan 30, 2019 | F | 963 | $47.07 | D | 51,730 | D | |
| Common StockF2 | Jan 31, 2019 | S | 1,821 | $46.74 | D | 49,909 | 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 UnitsF1,F3 | — | Jan 30, 2019 | M | 2,784 | D | Apr 30, 2018 | — | Common Stock | 2,784 | 22,277 | D |
| Performance-Based Stock UnitsF4,F5 | — | Jan 30, 2019 | A | 137,526 | A | Jan 31, 2022 | — | Common Stock | 137,526 | 137,526 | D |
| Restricted Stock UnitsF1,F6 | — | Jan 30, 2019 | A | 34,382 | A | Apr 30, 2019 | — | Common Stock | 34,382 | 34,382 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, following vesting, one share of Intel Corporation common stock.
- F2This transaction was made pursuant to trading instructions adopted by the reporting person on October 29, 2018 that are intended to comply with Rule 10b5-1(c).
- F3Unless 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.
- F4Each performance-based stock unit (PSU) 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 PSUs 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 with the first day of the fiscal year of the grant date and ending on the last day of the fiscal year of the second anniversary of the grant date.
- F5Unless earlier forfeited under the terms of the PSU, each PSU vests and converts into no more than 200% of one share of Intel common stock on January 31, 2022, unless that date falls on a non-business date, in which case the next business date shall apply.
- 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, 2019. If the quarterly vesting date falls on a non-business date, the next business date shall apply.