HUNDT REED E 4
4 · INTEL CORP · Filed Mar 4, 2020
Insider Transaction Report
Form 4
INTEL CORPINTC
HUNDT REED E
Director
Transactions
- Exercise/Conversion
Performance-based Restricted Stock Units
2020-03-02−2,852→ 0 totalFrom: 2020-03-02→ Common Stock (2,852 underlying) - Exercise/Conversion
Common Stock
2020-03-02+1,923→ 48,126 total
Footnotes (3)
- [F1]Each performance-based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 200% of one share of Intel common stock. The number of shares of Intel common stock acquired upon vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on February 1, 2017 and ending on the third anniversary of February 1, 2017, unless that date falls on a date that the NASDAQ Stock Market is closed, in which case the next business date that the NASDAQ Stock Market is open shall apply.
- [F2]Unless earlier forfeited under the terms of the performance-based RSU, each performance-based RSU vests and converts into no more than 200% of one share of Intel common stock three years and one month after the grant date, unless that date falls on a non-business date, in which case the next business date shall apply.
- [F3]The total number of shares of Common Stock received upon achievement of the pre-established performance metrics was 1,923 (or 67.452% of the target number of performance-based RSUs granted), as reported in Table I.