In recent years, there is an increasing attention in counterproductive behaviors. We developed a model that explains the influence of performance appraisal satisfaction on counterproductive behaviors. Moreover, three moderators (exchange ideology, hostile attribution style, and fatalism) were incorporated in the model. The model was tested on a sample of bank employees. The results supported three out of four hypotheses of this study. As predicted, performance appraisal and counterproductive behaviors were negatively associated. Additionally, the results suggested that exchange ideology, hostile attribution, but not fatalism, moderated the direct effect of appraisal satisfaction on counterproductive behaviors. Lastly, limitations, implications, and recommendation for future studies are discussed.