SEC Form 4 · accession 0001127602-19-008773

INTEL CORP · INTC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Todd M Underwood

Officer — Interim CFO

Period of report

Feb 25, 2019

Accepted (ET)

Feb 27, 2019 · 6:08 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 Stock^F1,F2	Feb 25, 2019	M	3,265	—	A	6,788	D
Common Stock	Feb 25, 2019	F	1,093	$53.235	D	5,695	D
Common Stock	holding	—	—		—	2,412	I	By Employee Benefit Plan Trust
Common Stock	holding	—	—		—	54	I	By Spouse

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance-Based Stock Units^F1,F3,F4	—	Feb 25, 2019	M	3,999	D	Feb 25, 2019	—	Common Stock	3,999	0	D

Explanation of responses

F1Each Performance-based Restricted Stock Unit (PSU) represents the right to receive, following vesting, no more than 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 PSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year 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.
F2Includes 485 shares acquired under the Company's Employee Stock Purchase Plan on February 19, 2019.
F3Unless 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 three years and one month after the grant date (together with the dividend equivalent shares thereon), unless that date falls on a non-business date, in which case the next business date shall apply.
F4Due to a limitation in the filing software, the total number of shares of Common Stock received was 3,265 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 3,029 shares of Common Stock. Upon conversion of $11,002.84 in dividend equivalents, the Reporting Person received an additional 236 shares of Common Stock.