Kerschbaum Manfred 4
4 · APPLIED MATERIALS INC /DE · Filed Sep 2, 2009
Insider Transaction Report
Form 4
Kerschbaum Manfred
Senior Vice President
Transactions
- Sale
Common Stock
2009-09-01$12.95/sh−91,169$1,180,639→ 215,625 total - Tax Payment
Common Stock
2009-08-31$13.18/sh−3,576$47,132→ 306,794 total
Holdings
- 13,544.014(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 215,625 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) 112,500 performance shares are scheduled to vest in two equal annual installments beginning 12/19/09; (b) 65,625 performance shares are scheduled to vest in three equal annual installments beginning 12/19/09; and (c) provided specified performance goals are achieved, 37,500 performance shares are scheduled to vest (i) as to 18,750 shares no earlier than on 12/19/09 and (ii) as to 18,750 shares no earlier than in two equal annual installments beginning 12/19/10 (all vesting is subject to continued employment through each vesting date).
- [F3]Increased number of shares reflects periodic payroll acquisitions and dividend reinvestment under the 401(k) Plan that are exempt under Rule 16b-3.