Apple Inc. — Director's Dealing 2015

May 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLE INC (AAPL)
CIK: 0000320193
Period of Report: 2015-05-01

Reporting Person: AHRENDTS ANGELA J (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-01	Common Stock	M	159549	—	Acquired	215080	Direct
2015-05-01	Common Stock	F	82141	$128.95	Disposed	132939	Direct
2015-05-04	Common Stock	S	10494	$128.84	Disposed	122445	Direct
2015-05-04	Common Stock	S	13206	$129.84	Disposed	109239	Direct
2015-05-04	Common Stock	S	1300	$130.38	Disposed	107939	Direct
2015-05-05	Common Stock	S	8190	$126.36	Disposed	99749	Direct
2015-05-05	Common Stock	S	3707	$127.14	Disposed	96042	Direct
2015-05-05	Common Stock	S	1000	$128.09	Disposed	95042	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-01	Restricted Stock Unit	$	M	78111	Disposed		Common Stock (78111)	Direct
2015-05-01	Restricted Stock Unit	$	M	81438	Disposed		Common Stock (81438)	Direct

Footnotes

F1: Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.

F2: Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of restricted stock units.

F3: This transaction was made pursuant to a Rule10b5-1 trading plan adopted by the reporting person on November 21, 2014.

F4: This transaction was executed in multiple trades at prices ranging from $128.29 to $129.27; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the Registrant, or a security holder of the Registrant.

F5: This transaction was executed in multiple trades at prices ranging from $129.29 to $130.28; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the Registrant, or a security holder of the Registrant.

F6: This transaction was executed in multiple trades at prices ranging from $130.30 to $130.47; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the Registrant, or a security holder of the Registrant.

F7: This transaction was executed in multiple trades at prices ranging from $125.88 to $126.86; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the Registrant, or a security holder of the Registrant.

F8: This transaction was executed in multiple trades at prices ranging from $126.88 to $127.83; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the Registrant, or a security holder of the Registrant.

F9: This transaction was executed in multiple trades at prices ranging from $127.88 to $128.32; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the Registrant, or a security holder of the Registrant.

F10: This award was granted on May 1, 2014. One-third of the restricted stock units subject to the award vested on May 1, 2015, and one-third of the restricted stock units are scheduled to vest on each of May 1, 2016 and May 1, 2017.

F11: This award was granted on May 1, 2014. Vesting of these restricted stock units depended on Apple Inc.'s relative total shareholder return from May 1, 2014 through and including April 30, 2015. 200% of the target number of units vested on May 1, 2015 based on actual performance.