SEC Form 4 · accession 0001127602-16-070738
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 15, 2016
Accepted (ET)
Dec 21, 2016 · 8:58 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 Stock | Dec 15, 2016 | G | 1,000 | $0.00 | D | 627,205 | D | |
| Common Stock | Dec 16, 2016 | G | 250 | $0.00 | D | 626,955 | D | |
| Common StockF1,F2 | Dec 19, 2016 | F | 73,508 | $32.44 | D | 553,447 | 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.
- F2Number of shares includes 369,397 performance shares and restricted stock units 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) 77,351 performance shares are scheduled to vest in installments in December of each of 2017 and 2018, (b) 99,154 performance shares are scheduled to vest in installments in December of each of 2017 through 2019, with up to an additional 66,152 shares that may vest, depending on achievement of specified performance goals, (c) 60,000 shares are scheduled to vest in installments in October of each of 2017 and 2018, (d) 66,446 performance shares are scheduled to vest in December 2019, which number of shares is the target amount, and the actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on achievement of specified performance goals, and (e) 66,446 restricted stock units are scheduled to vest in installments in December of each of 2017 through 2019, depending on achievement of a specified performance goal (all vesting is subject to continued employment through each applicable vest date).