SEC Form 4 · accession 0001127602-17-027152
APPLIED MATERIALS INC /DE · AMAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Durn
Officer — Senior Vice President & CFO
Period of report
Sep 6, 2017
Accepted (ET)
Sep 7, 2017 · 6:49 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 | Sep 6, 2017 | A | 55,891 | $0.00 | A | 55,891 | D | |
| Common StockF2 | Sep 6, 2017 | A | 33,535 | $0.00 | A | 89,426 | D | |
| Common StockF3 | Sep 6, 2017 | A | 33,535 | $0.00 | A | 122,961 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 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 February 1, 2018, depending on the achievement of a specified performance goal and continued employment through each applicable vest date. Notwithstanding the foregoing, if Mr. Durn's employment is terminated without cause prior to February 1, 2020, any unvested portion of the award shall immediately be fully vested upon such termination.
- F2Represents 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 installments on each of January 15, 2018, December 19, 2018 and December 19, 2019, depending on the achievement of a specified performance goal and 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.