Pappis Charles C 4
4 · APPLIED MATERIALS INC /DE · Filed Dec 7, 2011
Insider Transaction Report
Form 4
Pappis Charles C
Corp.VP, GM AGS
Transactions
- Award
Common Stock
2011-12-05+150,000→ 388,709.917 total
Holdings
- 3,243.348(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Represents performance shares (restricted stock units) that will be converted on a one-for-one basis into shares of Applied Materials, Inc. common stock upon vesting. These performance shares will vest only after 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, 2012 (subject to continued employment through each vest date). The number of shares shown is the target award level. 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 237,500 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) 215,000 shares are scheduled to vest in installments during each December of 2011 through 2014; and (b) provided specified performance goals are achieved, 22,500 shares will be scheduled to vest in installments during each December of 2011 through 2013 (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.