Pappis Charles C 4
4 · APPLIED MATERIALS INC /DE · Filed Dec 7, 2012
Insider Transaction Report
Form 4
Pappis Charles C
Corp.VP, GM AGS
Transactions
- Award
Common Stock
2012-12-05+150,000→ 468,709.917 total
Holdings
- 3,341.455(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Represents performance shares that will be converted on a one-for-one basis into shares of Applied Materials, Inc. common stock upon vesting, which vesting depends on the achievement of specified performance goals. Provided such goals are achieved, vesting is scheduled to occur no earlier than in four equal annual installments beginning December 19, 2013 (subject to continued employment through each applicable vest date). The number of shares shown is the target amount. The actual number of shares that may vest ranges from 0% to 150% of the target amount, depending on achievement of specified performance goals.
- [F2]Number of shares includes 317,500 performance shares 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 December 2013; and (c) provided specified performance goals are achieved, 150,000 shares will be scheduled to vest in installments during each December of 2013 through 2015, which number of shares is the target amount, 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 is subject to continued employment through each applicable vest date).
- [F3]Increased number of shares reflects dividend reinvestment under the 401(k) Plan that are exempt under Rule 16b-3.