APPLIED MATERIALS INC /DE — Director's Dealing 2020

Dec 8, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLIED MATERIALS INC /DE (AMAT)
CIK: 0000006951
Period of Report: 2020-12-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-03	Common Stock	A	2105	—	Acquired	349088	Direct
2020-12-03	Common Stock	A	27585	—	Acquired	376673	Direct
2020-12-03	Common Stock	A	27585	—	Acquired	404258	Direct
2020-12-04	Common Stock	A	33769	—	Acquired	438027	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, 2020, subject to continued employment through the vesting date.

F2: Number of shares includes 235,655 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) 29,235 performance shares are scheduled to vest in December 2020, (b) 86,262 restricted stock units are scheduled to vest in installments in December of 2020 through 2022, (c) 95,855 performance shares are scheduled to vest in installments in December of 2021 and 2022, 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 (d) 24,303 restricted stock units are scheduled to vest in November of 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, 2023, 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, 2021, subject to continued employment through each applicable vesting date.

F5: 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 October 26, 2025, depending on the achievement of specified performance goals and continued employment through the vesting date. Notwithstanding the foregoing, in the case of Mr. Durn's involuntary termination of employment without cause prior to the end of the performance period, the performance shares will vest based on achievement of specified performance goals through his last day of employment with Applied. 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.