Kerschbaum Manfred 4
4 · APPLIED MATERIALS INC /DE · Filed Dec 23, 2008
Insider Transaction Report
Form 4
Kerschbaum Manfred
Senior Vice President
Transactions
- Tax Payment
Common Stock
2008-12-19$10.13/sh−35,743$362,077→ 310,370 total
Holdings
- 10,730.532(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 225,625 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) 10,000 performance shares are scheduled to vest on 8/31/09; (b) 112,500 performance shares are scheduled to vest in two equal annual installments beginning 12/19/09; (c) 65,625 performance shares are scheduled to vest in three equal annual installments beginning 12/19/09; and (d) 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).
- [F3]Increased number of shares reflects dividend reinvestment and periodic allocation of accrued interest (which interest was automatically converted into shares) to all participants under 401(k) Plan that are exempt under Rule 16b-3.