SEC Form 4 · accession 0001127602-17-000347
APPLIED MATERIALS INC /DE · AMAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis D Powell
Director
Period of report
Dec 30, 2016
Accepted (ET)
Jan 3, 2017 · 6:20 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 30, 2016 | A | 700 | $0.00 | A | 98,207 | D | |
| Common StockF2,F3 | Jan 3, 2017 | S | 21,017 | $31.95 | D | 77,190 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents number of restricted stock units ("RSUs") automatically acquired based on a value of $32.27 per share, the closing price of Applied Materials, Inc. common stock on December 30, 2016, in a transaction exempt under Rule 16b-3(d). This automatic acquisition resulted from dividends accrued on vested RSUs that, pursuant to Mr. Powell's election to defer, will be converted on a one-for-one basis into shares of Applied common stock and paid to him on the date of his termination of service from the Applied Board.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.75 to $32.30, inclusive. The reporting person undertakes to provide to Applied, any security holder of Applied, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 2 to this Form 4.
- F3Number of shares includes: (a) 57,191 vested RSUs that, pursuant to Mr. Powell's election to defer, will be converted on a one-for-one basis into shares of Applied common stock and paid to him on the date of his termination of service from the Applied Board, and (b) 10,219 RSUs scheduled to vest in March 2017 (subject to continued service as a director through the vesting date).