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: DICKERSON GARY E (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-03	Common Stock	A	12103	—	Acquired	2309988	Direct
2020-12-03	Common Stock	A	122169	—	Acquired	2432157	Direct
2020-12-03	Common Stock	A	40723	—	Acquired	2472880	Direct
2020-12-03	Common Stock	A	116145	—	Acquired	2589025	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: Increased number of shares reflects periodic payroll acquisitions under Employees' Stock Purchase Plan that are exempt under Rule 16a-3 and Rule 16b-3. Number of shares includes 733,030 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) 168,096 performance shares are scheduled to vest in December 2020, (b) 133,902 restricted stock units are scheduled to vest in installments in December of 2020 through 2022, and (c) 431,032 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 (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, depending on the achievement of specified performance goals and 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. Dickerson'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.