APPLIED MATERIALS INC /DE — Director's Dealing 2007

Sep 18, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED MATERIALS INC /DE (AMAT)
CIK: 0000006951
Period of Report: 2007-09-13

Reporting Person: KIFER RON (Group VP & CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-13	Common Stock	M	50000	$17.62	Acquired	216155	Direct
2007-09-13	Common Stock	S	50000	$20.7346	Disposed	166155	Direct
2007-09-13	Common Stock	S	17652	$20.73	Disposed	148503	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-13	Employee Stock Option (right to buy)	$17.62	M	50000	Disposed	2013-05-01	Common Stock (50000)	Direct

Footnotes

F1: Number of shares includes 128,625 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 immediately upon vesting, which vesting is scheduled to occur as follows: 48,000 performance shares are scheduled to vest in two equal annual installments beginning 8/31/08; 67,500 performance shares are scheduled to vest in three equal annual installments beginning 8/31/08; and 13,125 performance shares are scheduled to vest in three equal annual installments beginning 5/1/08 (all vesting is subject to continued employment).

F2: 50,000 shares became exercisable on 5/1/07; and 50,000 shares become exercisable on each of 5/1/08, 5/1/09 and 5/1/10, subject to continued employment.