APPLIED MATERIALS INC /DE — Director's Dealing 2019

Dec 10, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED MATERIALS INC /DE (AMAT)
CIK: 0000006951
Period of Report: 2019-12-05

Reporting Person: Durn Daniel (Senior Vice President, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-05	Common Stock	A	18612	—	Acquired	343036	Direct
2019-12-05	Common Stock	A	37841	—	Acquired	380877	Direct
2019-12-05	Common Stock	A	37841	—	Acquired	418718	Direct

Footnotes

F1: Represents performance shares acquired based on achievement of specified performance goals related to performance shares previously granted. This acquisition is exempt under Rule 16b-3. The shares are scheduled to vest on December 19, 2019, subject to continued employment through the vesting date.

F2: Number of shares includes 276,702 performance shares and restricted stock units previously reported that in the future will be converted on a one-for-one basis into shares of Applied Materials, Inc. ("Applied") common stock upon vesting, which vesting is scheduled to occur as follows: (a) 33,535 performance shares are scheduled to vest in December 2019, (b) 18,630 restricted stock units are scheduled to vest in February 2020; notwithstanding the foregoing, if Mr. Durn's employment is terminated without cause prior to February 1, 2020, any unvested portion of the award shall immediately be fully vested upon such termination, (c) 88,682 restricted stock units are scheduled to vest in installments in December of 2019 through 2021, (d) 87,249 performance shares are scheduled to vest in installments in December of 2020 and 2021, which number of shares is the target amount, and the actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on achievement of specified performance goals, and (e) 48,606 restricted stock units are scheduled to vest in installments in November of 2020 and 2021 (all vesting is subject to continued employment through each applicable vesting date).

F3: Represents performance shares that will be converted on a one-for-one basis into shares of Applied common stock upon vesting, which vesting is scheduled to occur on December 19, 2022, depending on the achievement of specified performance goals and continued employment through the vesting date. The number of shares shown is the target amount, and the actual number of shares that may vest ranges from 0% to 200% of the target amount, depending on the achievement of specified performance goals.

F4: Represents restricted stock units that will be converted on a one-for-one basis into shares of Applied common stock upon vesting, which vesting is scheduled to occur in three equal annual installments beginning December 19, 2020, subject to continued employment through each applicable vesting date.