0000320193-21-000090.txt : 20211005 0000320193-21-000090.hdr.sgml : 20211005 20211005183211 ACCESSION NUMBER: 0000320193-21-000090 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211001 FILED AS OF DATE: 20211005 DATE AS OF CHANGE: 20211005 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Maestri Luca CENTRAL INDEX KEY: 0001513362 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36743 FILM NUMBER: 211308161 MAIL ADDRESS: STREET 1: 1 INFINITE LOOP CITY: CUPERTINO STATE: CA ZIP: 95014 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Apple Inc. CENTRAL INDEX KEY: 0000320193 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPUTERS [3571] IRS NUMBER: 942404110 STATE OF INCORPORATION: CA FISCAL YEAR END: 0925 BUSINESS ADDRESS: STREET 1: ONE APPLE PARK WAY CITY: CUPERTINO STATE: CA ZIP: 95014 BUSINESS PHONE: (408) 996-1010 MAIL ADDRESS: STREET 1: ONE APPLE PARK WAY CITY: CUPERTINO STATE: CA ZIP: 95014 FORMER COMPANY: FORMER CONFORMED NAME: APPLE INC DATE OF NAME CHANGE: 20070109 FORMER COMPANY: FORMER CONFORMED NAME: APPLE COMPUTER INC DATE OF NAME CHANGE: 19970808 4 1 wf-form4_163347311336788.xml FORM 4 X0306 4 2021-10-01 0 0000320193 Apple Inc. AAPL 0001513362 Maestri Luca ONE APPLE PARK WAY CUPERTINO CA 95014 0 1 0 0 Senior Vice President, CFO Common Stock 2021-10-01 4 M 0 354392 A 464893 D Common Stock 2021-10-01 4 F 0 188563 142.65 D 276330 D Restricted Stock Unit 2021-10-01 4 M 0 354392 D Common Stock 354392.0 0 D 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. Shares withheld by Apple to satisfy tax withholding requirements on vesting of RSUs. No shares were sold. This award was granted on September 30, 2018, for a target number of 177,196 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 September 30, 2018 through September 25, 2021. 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 $55.44. 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 $154.65. 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. Apple's TSR for the three-year performance period was 178.96%, which ranked 21 of the 472 companies that were included in the S&P 500 for the period and placed Apple in the 96th percentile. Therefore, 354,392 RSUs subject to performance requirements vested. /s/ Sam Whittington, Attorney-in-Fact for Luca Maestri 2021-10-05