Pappis Charles C 4
4 · APPLIED MATERIALS INC /DE · Filed Dec 21, 2011
Insider Transaction Report
Form 4
Pappis Charles C
Corp.VP, GM AGS
Transactions
- Tax Payment
Common Stock
2011-12-19$10.13/sh−32,417$328,384→ 356,292.917 total - Sale
Common Stock
2011-12-20$10.62/sh−37,583$399,131→ 318,709.917 total
Holdings
- 3,268.018(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Represents shares that were automatically withheld upon vesting of performance shares (restricted stock units) to cover tax withholding obligations in a transaction exempt under Rule 16b-3.
- [F2]Number of shares includes 317,500 performance shares (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) 145,000 shares are scheduled to vest in installments during each December of 2012 through 2014; (b) provided specified performance goals are achieved, 22,500 shares will be scheduled to vest in installments during each December of 2012 through 2013; and (c) provided specified performance goals are achieved, 150,000 shares will be scheduled to vest in installments during each December of 2012 through 2015, which number of shares is the target award level, and the actual number of shares that may vest ranges from 0% to 150% of the target amount depending on the achievement of specified performance goals (all vesting will be subject to continued employment through each vest date).
- [F3]Increased number of shares reflects dividend reinvestment under the 401(k) Plan that are exempt under Rule 16b-3.