SEC Form 4 · accession 0000899243-15-000680
APPLIED MATERIALS INC /DE · AMAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Omkaram Nalamasu
Officer — Senior VP, CTO
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 9:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000006951
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jul 1, 2015 | F | 9,396 | $19.51 | D | 452,592 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares that were automatically withheld upon vesting of performance shares to cover tax withholding obligations in a transaction exempt under Rule 16b-3
- F2Number of shares includes 309,695 performance shares previously reported that in the future will be converted on a one-for-one basis into shares of Applied Materials, Inc. common stock upon vesting, which vesting is scheduled to occur as follows: (a) 50,000 shares are scheduled to vest in installments in July of 2016 and 2017; (b) 187,500 shares are scheduled to vest in installments in December of 2015 and 2016; and (c) 72,195 shares will be scheduled to vest in installments in December of 2015 through 2018, which number of shares is the target amount, and the actual number of shares that may vest ranges from 0% to 150% of the target amount, depending on achievement of specified performance goals (all vesting is subject to continued employment through each applicable vest date).