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APPLIED MATERIALS INC /DE — Director's Dealing 2013
May 22, 2013
29806_dirs_2013-05-22_f4959391-6e64-44ec-967a-344991cc4bda.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: APPLIED MATERIALS INC /DE (AMAT)
CIK: 0000006951
Period of Report: 2013-05-20
Reporting Person: Nalamasu Omkaram (Group VP, CTO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-05-20 | Common Stock | M | 24000 | $8.58 | Acquired | 422336 | Direct |
| 2013-05-20 | Common Stock | S | 24000 | $14.97 | Disposed | 398336 | Direct |
| 2013-05-20 | Common Stock | S | 30261 | $14.97 | Disposed | 368075 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-05-20 | Employee Stock Option (Right to Buy) | $8.58 | M | 24000 | Disposed | 2014-03-09 | Common Stock (24000) | Direct |
Footnotes
F1: Increased number of shares reflects periodic payroll acquisitions under Employees' Stock Purchase Plan that are exempt under Rule 16a-10 and Rule 16b-3. Number of shares includes 366,250 performance shares 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) 2,500 shares are scheduled to vest in July 2013; (b) 19,000 shares are scheduled to vest in installments during each February of 2014 and 2015; (c) 19,750 shares are scheduled to vest in installments during each January of 2014 and 2015; and (d) provided specified performance goals are achieved, 325,000 shares will be scheduled to vest in installments during each December of 2013 through 2016, which number of shares is the target amount, and the actual number of shares that may vest ranges from 0% to 150% of the target amount depending on achievement of specified performance goals (all vesting is subject to continued employment through each applicable vesting date).
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.96 to $14.99, inclusive. The reporting person undertakes to provide to Applied Materials, Inc., any security holder of Applied Materials, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 2 to this Form 4.
F3: Shares became exercisable in two equal annual installments beginning on April 1, 2011.