INTEL CORP — Director's Dealing 2010

Apr 21, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2010-04-19

Reporting Person: OTELLINI PAUL S (Director, PRESIDENT AND CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-19	Common Stock	M	17500	—	Acquired	359227	Direct
2010-04-19	Common Stock	F	7916	$23.79	Disposed	351311	Direct
2010-04-19	Common Stock	M	11250	—	Acquired	362561	Direct
2010-04-19	Common Stock	F	5089	$23.79	Disposed	357472	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-19	Restricted Stock Units	$0	M	17500	Disposed		Common Stock (17500)	Direct
2010-04-19	Restricted Stock Units	$0	M	11250	Disposed		Common Stock (11250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2976.0787	Indirect
Common Stock	1462.687	Indirect
Common Stock	700	Indirect
Common Stock	443699.1413	Indirect

Footnotes

F1: Shares acquired on the vesting of restricted stock units.

F2: Includes 1,288 shares acquired under the Company's Stock Purchase Plan on Feb. 19, 2010.

F3: Shares withheld for payment of tax liability.

F4: Includes 3,374.7489 shares acquired under the Alex Brown Dividend Reinvestment Program on Mar. 1, 2010.

F5: Each restricted stock unit represents the right to receive, following vesting, one share of Intel Corporation common stock.

F6: Unless earlier forfeited under the terms of the RSU, 25% of the award vests and converts into common stock on each anniversary of the grant date, unless that date falls on a non-business date, in which case the next business date shall apply.