SEC Form 4 · accession 0001127602-18-035755
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
Dec 4, 2018
Accepted (ET)
Dec 10, 2018 · 9:23 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 4, 2018 | G | 140 | $0.00 | D | 242,122 | D | |
| Common StockF2,F1 | Dec 6, 2018 | A | 58,014 | $0.00 | A | 300,136 | D | |
| Common StockF3,F1 | Dec 6, 2018 | A | 58,014 | $0.00 | A | 358,150 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Number of shares includes 224,529 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) 37,260 restricted stock units are scheduled to vest in installments in February of 2019 and 2020; 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, (b) 33,535 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) 22,356 restricted stock units are scheduled to vest in installments in December of 2018 and 2019, (d) 29,235 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 the achievement of specified performance goals, (e) 29,235 restricted stock units are scheduled to vest in installments in December of 2018 through 2020, depending on the achievement of a specified performance goal; and (f) 72,908 restricted stock units are scheduled to vest in three equal annual installments beginning November 2019 (all vesting is subject to continued employment through each applicable vesting date).
- F2Represents performance shares that will be converted on a one-for-one basis into shares of Applied Materials common stock upon vesting, which vesting is scheduled to occur on December 19, 2021, 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.
- F3Represents restricted stock units that will be converted on a one-for-one basis into shares of Applied Materials common stock upon vesting, which vesting is scheduled to occur in three equal annual installments beginning December 19, 2019, depending on continued employment through each applicable vest date.