APPLIED MATERIALS INC /DE — Director's Dealing 2003

Nov 20, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED MATERIALS INC /DE (AMAT)
CIK: 0000006951
Period of Report: 2003-11-17

Reporting Person: BRONSON JOSEPH R (Executive VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-17	Common Stock	M	25000	$7.4375	Acquired	25000	Direct
2003-11-17	Common Stock	S	25000	$23.27	Disposed	0	Direct
2003-11-17	Common Stock	M	200000	$15.50	Acquired	200000	Direct
2003-11-17	Common Stock	S	200000	$23.425	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-17	Employee Stock Option (right to buy)	$7.4375	M	25000	Disposed	2005-01-15	Common Stock (25000)	Direct
2003-11-17	Employee Stock Option (right to buy)	$15.50	M	200000	Disposed	2006-04-15	Common Stock (200000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	46232	Direct
Common Stock	56752	Indirect
Common Stock	38262.583	Indirect
Common Stock	3172	Indirect
Common Stock	2788	Indirect
Common Stock	496	Indirect
Common Stock	456	Indirect
Common Stock	400	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