| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AAPL | Common Stock | Options Exercise | +191K | +140.6% | 327K | Oct 1, 2021 | Direct | F1 | ||
| transaction | AAPL | Common Stock | Tax liability | -$14.5M | -102K | -31.13% | $142.65 | 226K | Oct 1, 2021 | Direct | F2 |
| transaction | AAPL | Common Stock | Sale | -$12.4M | -89.4K | -39.65% | $138.83 | 136K | Oct 4, 2021 | Direct | F3, F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AAPL | Restricted Stock Unit | Options Exercise | -191K | -100% | 0 | Oct 1, 2021 | Common Stock | 191K | Direct | F1, F5, F6, F7, F8 |
| Id | Content |
|---|---|
| F1 | Each restricted stock unit ("RSU") represented the right to receive, at settlement, one share of common stock. This transaction represents the settlement of RSUs in shares of common stock on their scheduled vesting date. |
| F2 | Shares withheld by Apple to satisfy tax withholding requirements on vesting of RSUs. |
| F3 | This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 31, 2019. |
| F4 | This transaction was executed in multiple trades at prices ranging from $138.50 to $139.28; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, Apple, or a security holder of Apple. |
| F5 | This award was granted on February 5, 2019, for a target number of 95,688 RSUs. The award vested on October 1, 2021, applying a percentage of the target number of RSUs that was determined based on Apple's total shareholder return ("TSR") relative to the other companies in the S&P 500 for the three-year performance period of February 5, 2019 through September 25, 2021. |
| F6 | TSR is calculated based on the change in a company's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock. In accordance with the terms of the award, the beginning value used for calculating TSR is the average closing stock price for the first 20 trading days of the performance period. Apple's beginning value was calculated to be $43.30. Similarly, the ending value used for calculating TSR is the average closing price for the 20 trading days ending on September 25, 2021. Apple's ending value was calculated to be $154.11. |
| F7 | This award provided that if Apple's relative TSR performance was ranked at or above the 85th percentile for companies in the S&P 500 for the performance period, 200% of the target number of RSUs vest. If Apple's performance was ranked at or above the 55th percentile, 100% of the target number of RSUs vest. If Apple's performance was ranked at or above the 25th percentile, 25% of the target number of RSUs vest, and if Apple's performance was ranked below the 25th percentile, 0% of the target number of RSUs vest. If Apple's performance was between these levels, the portion of the RSUs that vest would be determined on a straight-line basis (i.e., linearly interpolated) between the two nearest vesting percentages. |
| F8 | Apple's TSR for the three-year performance period was 255.92%, which ranked 7 of the 479 companies that were included in the S&P 500 for the period and placed Apple in the 99th percentile. Therefore, 191,376 RSUs subject to performance requirements vested. |