Teri A. Little - 02 Dec 2021 Form 4 Insider Report for APPLIED MATERIALS INC /DE (AMAT)

Role
SVP, CLO
Signature
/s/ To-Anh Nguyen, Attorney-in-Fact
Issuer symbol
AMAT
Transactions as of
02 Dec 2021
Net transactions value
$0
Form type
4
Filing time
03 Dec 2021, 19:54:31 UTC
Previous filing
02 Jul 2021
Next filing
21 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMAT Common Stock Award $0 +7,680 +6.8% $0.000000 120,627 02 Dec 2021 Direct F1, F2
transaction AMAT Common Stock Award $0 +7,680 +6.4% $0.000000 128,307 02 Dec 2021 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance shares that 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 on December 19, 2024, 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.
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 105,106 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 common stock upon vesting, which vesting is scheduled to occur as follows: (a) 92,620 restricted stock units are scheduled to vest in installments in July of 2022 and 2023 and December of 2021 through 2023, and (b) 12,486 performance shares are scheduled to vest in December of 2023, 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 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, 2022, subject to continued employment through each applicable vesting date.