APPLIED MATERIALS INC /DE — Director's Dealing 2011

Jan 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED MATERIALS INC /DE (AMAT)
CIK: 0000006951
Period of Report: 2011-01-03

Reporting Person: Pappis Charles C (Group VP, GM AGS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-03	Common Stock	M	21666	$8.58	Acquired	277289.9165	Direct
2011-01-03	Common Stock	S	21666	$14.26	Disposed	255623.9165	Direct
2011-01-03	Common Stock	S	7914	$14.26	Disposed	247709.9165	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-03	Employee Stock Option (right to buy)	$8.58	M	21666	Disposed	2014-03-09	Common Stock (21666)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3185.057	Indirect

Footnotes

F1: Number of shares includes 246,500 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 upon vesting, which vesting is scheduled to occur as follows: (a) 9,000 shares are scheduled to vest during August of 2011; (b) 37,500 shares are scheduled to vest in installments during each December of 2011 through 2013; and (b) provided specified performance goals are achieved, 200,000 shares will be scheduled to vest in installments during each December of 2011 through 2014 (all vesting will be subject to continued employment through each vest date). Number of shares shown is corrected from incorrect number reported on the Form 4 filed on 12/21/2010, which Form had a typographical error and should have shown 255,623.9165 shares in column 5.

F2: 21,666 shares became exercisable on 4/1/2010 and 21,667 shares are scheduled to become exercisable on each of 4/1/2011 and 4/1/2012 (subject to continued employment through each vest date).