INTEL CORP — Director's Dealing 2012

Jan 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2012-01-03

Reporting Person: PERLMUTTER DAVID (EXEC VP; CO-GM IAG)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-03	Common Stock	M	35000	$19.51	Acquired	168523.3985	Direct
2012-01-03	Common Stock	M	54000	$18.63	Acquired	222523.3985	Direct
2012-01-03	Common Stock	S	89000	$24.6132	Disposed	133523.3985	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-03	Employee Stock Option (Right to Buy)	$19.51	M	35000	Disposed	2013-04-21	Common Stock (35000)	Direct
2012-01-03	Employee Stock Option (Right to Buy)	$18.63	M	54000	Disposed	2013-04-22	Common Stock (54000)	Direct

Footnotes

F1: Transactions reported on this Form 4 were made pursuant to trading instructions adopted by the undersigned on July 25, 2011 that are intended to comply with Rule 10b5-1(c).

F2: This transaction was executed in multiple trades at prices ranging from $24.40 to $24.87. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: Includes 1.3199 shares acquired under the Intel Corporation Direct Stock Purchase Plan and Dividend Reinvestment Plan in Dec. 2011.

F4: The option vests in four equal annual installments beginning on the first anniversary of the grant date.