Apple Inc. — Director's Dealing 2016

Mar 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLE INC (AAPL)
CIK: 0000320193
Period of Report: 2016-03-21

Reporting Person: WILLIAMS JEFFREY E (COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-21	Common Stock	M	525000	—	Acquired	528079	Direct
2016-03-21	Common Stock	F	256356	$105.91	Disposed	271723	Direct
2016-03-22	Common Stock	S	268644	$106.91	Disposed	3079	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-21	Restricted Stock Unit	$	M	525000	Disposed		Common Stock (525000)	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: The number of securities reported reflects the acquisition on January 31, 2016 of 211 shares of Apple Inc.'s common stock pursuant to the Apple Inc. Amended Employee Stock Purchase Plan ("ESPP") for the ESPP purchase period of August 1, 2015 through January 31, 2016.

F3: Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of restricted stock units.

F4: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2015.

F5: This transaction was executed in multiple trades at prices ranging from $106.61 to $107.28; 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 award was granted on November 2, 2011. 50% of the restricted stock units subject to the award vested on June 21, 2013, and the remaining 50% vested on March 21, 2016.