APPLIED MATERIALS INC /DE — Director's Dealing 2003

Nov 22, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED MATERIALS INC /DE (AMAT)
CIK: 0000006951
Period of Report: 2003-11-20

Reporting Person: JANKER FRANZ (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-20	Common Stock	M	48000	$4.3282	Acquired	60880	Direct
2003-11-20	Common Stock	S	48000	$23.34	Disposed	12880	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-20	Employee Stock Option (right to buy)	$4.3282	M	48000	Disposed	2003-12-17	Common Stock (48000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21542.988	Indirect

Footnotes

F1: Increased number of shares reflects periodic payroll acquisitions under Employee Stock Purchase Plan that are exempt under Rule 16a-10 and Rule 16b-3

F2: Increased number of shares reflects periodic payroll acquisitions under 401(k) Plan that are exempt under Rule 16b-3