SEC Form 4 · accession 0000899243-15-000685
APPLIED MATERIALS INC /DE · AMAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randhir Thakur
Officer — EVP & GM, Silicon Systems
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 9:49 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 | Jul 1, 2015 | A | 36,000 | $0.00 | A | 703,539 | D | |
| Common StockF2,F3 | Jul 1, 2015 | F | 80,207 | $19.51 | D | 623,332 | D | |
| Common Stock | holding | — | — | — | 4,539 | I | By 401(k) Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents performance shares acquired based on deemed achievement of specified performance goals related to performance shares granted on June 19, 2012. This acquisition is exempt under Rule 16b-3. The shares are subject to vesting as follows: 27,000 shares vested on July 1, 2015 and 9,000 shares are scheduled to vest on July 1, 2016 (vesting subject to continued employment through the vest date).
- F2Represents shares that were automatically withheld upon vesting of performance shares to cover tax withholding obligations in a transaction exempt under Rule 16b-3.
- F3umber of shares includes: (a) 465,535 performance shares that in the future will be converted on a one-for-one basis into shares of Applied common stock upon vesting, which vesting is scheduled to occur as follows: (i) 105,000 shares are scheduled to vest in July 2016, (ii) 257,400 shares are scheduled to vest in installments in December of 2015 and 2016; and (iii) 103,135 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; and (b) 5,100 shares of restricted stock that are scheduled to vest in December 2015 (all vesting is subject to continued employment through each applicable vest date).