This Amendment No. 5 (this Amendment) to the Statement on Schedule 13D (the Schedule
13D) filed by Intel Corporation, a Delaware corporation (the Reporting Person or Intel), on January 12, 2015, as amended by Amendment No. 1 to the Schedule 13D filed by the Reporting Person on
November 17, 2016, Amendment No. 2 to the Schedule 13D filed by the Reporting Person on December 9, 2016, Amendment No. 3 to the Schedule 13D filed by the Reporting Person on August 18, 2017, and Amendment No. 4 to the
Schedule 13D filed by the Reporting Person on February 2, 2018, relates to the common stock, par value $0.001 per share (the Common Stock), of Vuzix Corporation, a Delaware corporation (the Issuer or Vuzix),
and amends and supplements such Schedule 13D, as so amended. This Amendment is being filed by the Reporting Person to reflect the conversion of 49,626 shares of Series A Preferred Stock held by the Reporting Person into 4,962,600 shares of Common
Stock that occurred on January 28, 2021 and the subsequent sale of all of those shares. Except as specifically set forth herein, the Schedule 13D, as so amended, remains unmodified.
Item 4.
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Purpose of Transaction
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Item 4 is hereby amended and supplemented as follows:
On
January 28, 2021, the Reporting Person converted its 49,626 shares Series A Preferred Stock into 4,962,600 shares of Common Stock and sold all of those shares of Common Stock in open market transactions for regular portfolio management reasons.
Except as otherwise described above, the Reporting Person, and to the Reporting Persons knowledge, the persons set forth on Schedule A, have no plans or proposals that relate to or would result in any transaction, event or action enumerated in
paragraphs (a) through (j) of Item 4 of Schedule 13D.
Item 5.
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Interest in Securities of the Issuer
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Items 5(a), (b), (c), and (e) are hereby amended and restated in their entirety as follows:
(a)
As of the date hereof, Intel beneficially owns 0 shares,
representing 0%, of the Issuers Common Stock.
(b)
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No. of
Shares
Beneficially
Owned
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% of Shares
Beneficially
Owned
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Shares
Subject to
Sole Voting
Power
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Shares
Subject to
Shared
Voting
Power
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Shares
Subject to
Sole
Dispositive
Power
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Shares
Subject to
Shared
Dispositive
Power
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Intel Corporation
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0
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0
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%
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0
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0
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0
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0
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(c)
On January 28, 2021, the
Reporting Person delivered to the Issuer a notice of conversion with respect to 49,626 shares of Series A Preferred Stock held by the Reporting Person, resulting in the conversion of such shares of Series A Preferred Stock into 4,962,600 shares of
Common Stock.
On January 28, 2021, the Reporting Person sold an aggregate of 550,086 shares of the Common Stock in open market transactions at a weighted
average price of $12.6307 per share, with prices ranging from $12.35 to $13.32 per share. On January 28, 2021, the Reporting Person also sold an aggregate of 299,035 shares of the Common Stock in open market transactions at a weighted average price
of $12.2582 per share, with prices ranging from $12.25 to $12.31 per share. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of
shares and prices at which the foregoing transactions were effected. On January 28, 2021, the Reporting Person also sold 4,113,479 shares of the Common Stock in an open market transaction at a price of $11.30 per share.
Except as set forth or incorporated herein, neither the Reporting Person nor, to its knowledge, any person listed on Schedule A, has effected any transaction
in the Common Stock during the past 60 days.