INTEL CORP — Director's Dealing 2011

Apr 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2011-04-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-18	Common Stock	M	17500	—	Acquired	382337	Direct
2011-04-18	Common Stock	F	8170	$19.595	Disposed	374167	Direct
2011-04-19	Common Stock	M	11250	—	Acquired	385417	Direct
2011-04-19	Common Stock	F	5089	$19.80	Disposed	380328	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-18	Restricted Stock Units	$0	M	17500	Disposed		Common Stock (17500)	Direct
2011-04-19	Restricted Stock Units	$0	M	11250	Disposed		Common Stock (11250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3071.3377	Indirect
Common Stock	1509.505	Indirect
Common Stock	700	Indirect
Common Stock	458118.1851	Indirect

Footnotes

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

F2: Includes 1,204 shares acquired under the Company's Stock Purchase Plan on Feb. 18, 2011.

F3: Shares withheld for payment of tax liability.

F4: Includes 25.564 shares acquired via dividend reinvestment in March 2011.

F5: Includes 12.564 shares acquired via dividend reinvestment in March 2011.

F6: Includes 3,900.674 shares acquired under the Alex Brown Dividend Reinvestment Program on Mar. 1, 2011.

F7: Each restricted stock unit represents the right to receive, following vesting, one share of Intel Corporation common stock.

F8: 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.