SEC Form 4 · accession 0001127602-16-069214
APPLIED MATERIALS INC /DE · AMAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ali Salehpour
Officer — Sr. VP, GM New Mrkts & Service
Period of report
Dec 1, 2016
Accepted (ET)
Dec 5, 2016 · 7:56 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 | F | 23,312 | $30.10 | D | 443,746 | D | |
| Common StockF2 | Dec 1, 2016 | A | 51,567 | $0.00 | A | 495,313 | D | |
| Common StockF3 | Dec 1, 2016 | A | 66,446 | $0.00 | A | 561,759 | D | |
| Common StockF4,F5 | Dec 1, 2016 | A | 66,446 | $0.00 | A | 628,205 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents number of shares that were automatically withheld upon vesting of performance shares to cover tax withholding obligations in a transaction exempt under Rule 16b-3.
- F2Represents 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: 25,784 shares are scheduled to vest on December 19, 2016, 12,892 shares are scheduled to vest on December 19, 2017 and 12,891 shares are scheduled to vest on December 19, 2018 (all vesting is subject to continued employment through each applicable vest date).
- F3Represents 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.
- F4Represents 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.
- F5Number of shares includes 325,807 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) 133,602 shares are scheduled to vest in installments in December of each of 2016 through 2018, (b) 132,205 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, and (c) 60,000 shares are scheduled to vest in installments in October of 2017 and 2018 (all vesting is subject to continued employment through each applicable vest date).