SEC Form 4 · accession 0001127602-19-008767
INTEL CORP · INTC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tsu-Jae King Liu
Director
Period of report
Feb 25, 2019
Accepted (ET)
Feb 27, 2019 · 6:00 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 25, 2019 | M | 1,035 | — | A | 5,408 | 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 UnitsF1,F2,F3 | — | Feb 25, 2019 | M | 1,270 | D | Feb 25, 2019 | — | Common Stock | 1,270 | 0 | D |
Explanation of responses
- F1Each 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 25, 2016 and ending on January 25, 2019, 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.
- F2Unless 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 on February 25, 2019 (together with dividend equivalent shares thereon), unless that date falls on a non-business date, in which case the next business date shall apply.
- F3Due to a limitation in the filing software, the total number of shares of Common Stock received was 1,035 as reported above in Table I. The conversion rate of the Performance-based Restricted Stock was 75.746%. Upon conversion of the RSUs, the Reporting Person received 961 shares of Common Stock. Upon conversion of $3,490.83 in dividend equivalents, the Reporting Person received an additional 74 shares of Common Stock.