Ali Salehpour - Dec 2, 2021 Form 4 Insider Report for APPLIED MATERIALS INC /DE (AMAT)

Role
SVP, Srv., Dspl. & Flex.
Signature
/s/ To-Anh Nguyen, Attorney-in-Fact
Stock symbol
AMAT
Transactions as of
Dec 2, 2021
Transactions value $
$0
Form type
4
Date filed
12/3/2021, 07:58 PM
Next filing
Jan 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMAT Common Stock Award $0 +28.8K +5.23% $0.00 579K Dec 2, 2021 Direct F1, F2
transaction AMAT Common Stock Award $0 +14.3K +2.46% $0.00 593K Dec 2, 2021 Direct F2, F3
transaction AMAT Common Stock Award $0 +14.3K +2.4% $0.00 607K Dec 2, 2021 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance shares acquired based on achievement of specified performance goals related to performance shares previously granted. This acquisition is exempt under Rule 16b-3. The shares are scheduled to vest on December 19, 2021, subject to continued employment through the vesting date.
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 184,169 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 Materials, Inc. ("Applied") common stock upon vesting, which vesting is scheduled to occur as follows: (a) 58,014 performance shares are scheduled to vest in December 2021, (b) 66,740 restricted stock units are scheduled to vest in installments in December of 2021 through 2023, and (c) 59,415 performance shares are scheduled to vest in installments in December of 2022 and 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 performance shares that will be converted on a one-for-one basis into shares of 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.
F4 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.