SEC Form 4 · accession 0001127602-17-035386
APPLIED MATERIALS INC /DE · AMAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary E Dickerson
Officer — President and CEO · Director
Period of report
Dec 19, 2017
Accepted (ET)
Dec 21, 2017 · 7:11 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,F2 | Dec 19, 2017 | F | 225,617 | $52.96 | D | 2,113,479 | 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 1,062,924 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 common stock upon vesting, which vesting is scheduled to occur as follows: (a) 496,187 performance shares are scheduled to vest in installments in December of 2018 and 2019, (b) 280,316 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, (c) 62,293 restricted stock units are scheduled to vest in installments in December of 2018 and 2019, (d) 56,032 restricted stock units are scheduled to vest in installments in December of 2018 through 2020, depending on achievement of a specified performance goal, and (e) 168,096 performance shares are scheduled to vest in December 2020, 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 (all vesting is subject to continued employment through each applicable vest date).