SEC Form 4 · accession 0001127602-16-069210
APPLIED MATERIALS INC /DE · AMAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas F Larkins
Officer — Sr. VP, GC & Corp. Secretary
Period of report
Dec 1, 2016
Accepted (ET)
Dec 5, 2016 · 7:53 pm EST
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 | Dec 1, 2016 | A | 36,097 | $0.00 | A | 537,775 | D | |
| Common StockF2 | Dec 1, 2016 | A | 37,376 | $0.00 | A | 575,151 | D | |
| Common StockF3,F4 | Dec 1, 2016 | A | 37,376 | $0.00 | A | 612,527 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents performance shares acquired based on achievement of specified performance goals related to performance shares previously granted. This acquisition is exempt under Rule 16b-3. The shares are subject to vesting as follows: 18,049 shares are scheduled to vest on December 19, 2016, and 9,024 shares are scheduled to vest on December 19 of each of 2017 and 2018 (all vesting is subject to continued employment through each applicable vest date).
- F2Represents performance shares that 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 on December 19, 2019, depending on the achievement of specified performance goals and continued employment through the vest date. The number of shares shown is the target amount, and the actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on the achievement of specified performance goals.
- F3Represents restricted stock units that 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 in three equal annual installments beginning December 19, 2017, depending on the achievement of specified performance goals and continued employment through each applicable vest date.
- F4Number of shares includes 195,008 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) 110,397 shares are scheduled to vest in installments in December of each of 2016 through 2018, and (b) 84,611 shares are scheduled to vest in installments in December of each of 2016 through 2019, which number of shares is the target amount, and the actual number of shares that may vest is up 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).