<SEC-DOCUMENT>0000320193-21-000073.txt : 20210826
<SEC-HEADER>0000320193-21-000073.hdr.sgml : 20210826
<ACCEPTANCE-DATETIME>20210826183046
ACCESSION NUMBER:		0000320193-21-000073
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210824
FILED AS OF DATE:		20210826
DATE AS OF CHANGE:		20210826

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			COOK TIMOTHY D
		CENTRAL INDEX KEY:			0001214156

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36743
		FILM NUMBER:		211213657

	MAIL ADDRESS:	
		STREET 1:		C/O APPLE INC
		STREET 2:		ONE 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
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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        <issuerName>Apple Inc.</issuerName>
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            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
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            <isOther>0</isOther>
            <officerTitle>Chief Executive Officer</officerTitle>
            <otherText></otherText>
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                <underlyingSecurityTitle>
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                </underlyingSecurityShares>
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    <footnotes>
        <footnote id="F1">This award was granted on August 24, 2011 and all remaining restricted stock units (RSUs) subject to the award vested on August 24, 2021. The number of RSUs includes 3,920,000 time-based RSUs and 1,120,000 performance-based RSUs.</footnote>
        <footnote id="F2">The number of performance-based RSUs that vested was determined based on Apple's total shareholder return (TSR), relative to the other companies in the S&amp;P 500 over a three-year period from August 25, 2018 through August 24, 2021. TSR is calculated based on the change in a company's stock price during the three-year 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 20 trading days prior to August 25, 2018. Apple's beginning value was calculated to be $52.28 (adjusted for dividends). Similarly, the ending value used for calculating TSR is the average closing price for the 20 trading days ending on August 24, 2021. Apple's ending value was calculated to be $152.56 (adjusted for dividends).</footnote>
        <footnote id="F3">Mr. Cook's award provides that if Apple's relative TSR performance is within the top third of the companies that remain in the S&amp;P 500 for the entire performance period, the 1,120,000 performance-based RSUs vest in full. If Apple's performance is in the middle third, the RSUs will be reduced by 50%, and if Apple's performance is in the bottom third, the RSUs will be reduced to zero. Apple needed to achieve a TSR of at least 72.26% to outperform the middle third of the companies in the S&amp;P 500 for the performance period, and at least 24.94% to outperform the bottom third of the companies. Apple's TSR for the three-year period was 191.83%, which ranked 13th of the 442 companies that were included in the S&amp;P 500 for the entire period and placed Apple in the 97th percentile. Therefore, all 1,120,000 of the RSUs subject to performance requirements vested.</footnote>
        <footnote id="F4">Each RSU represents 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.</footnote>
        <footnote id="F5">These shares are held through Mr. Cook's trust.</footnote>
        <footnote id="F6">2,653,560 shares (52.65% of the total number of shares released) were withheld by Apple to satisfy tax withholding requirements on vesting of RSUs.</footnote>
        <footnote id="F7">This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person's trust on August 31, 2020.</footnote>
        <footnote id="F8">This transaction was executed in multiple trades at prices ranging from $147.805 to $148.8025; 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.</footnote>
        <footnote id="F9">This transaction was executed in multiple trades at prices ranging from $148.805 to $149.80; 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.</footnote>
        <footnote id="F10">This transaction was executed in multiple trades at prices ranging from $149.805 to $150.32; 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.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Sam Whittington, Attorney-in-Fact for Timothy D. Cook</signatureName>
        <signatureDate>2021-08-26</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
