SEC Form 4 · accession 0000707549-17-000022
LAM RESEARCH CORP · LRCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin B Anstice
Officer — President and CEO
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 7:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000707549
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 17, 2017 | F | 8,737 | $114.90 | D | 119,984 | D | |
| Common StockF2,F1 | Feb 17, 2017 | M | 94,183 | $114.90 | A | 214,167 | D | |
| Common StockF3,F4,F1 | Feb 21, 2017 | S | 500 | $115.58 | D | 213,667 | D | |
| Common StockF3,F5,F1 | Feb 21, 2017 | S | 3,928 | $116.70 | D | 209,739 | D | |
| Common StockF3,F6,F1 | Feb 21, 2017 | S | 11,572 | $117.48 | D | 198,167 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market-based Performance Restricted Stock UnitF2,F7 | $0.00 | Feb 17, 2017 | M | 62,789 | D | — | — | Common Stock | 62,789 | 0 | D |
Explanation of responses
- F1Amount reported includes shares subject to unvested Restricted Stock Units.
- F2On 2/18/14, the Reporting Person received a target grant of 62,789 Market-based Performance Restricted Stock Units vesting between 0% and 150% on 2/18/17. The performance of this award was based on the Lam Research Total Shareholder Return performance relative to the Philadelphia Semiconductor Sector Index Total Shareholder Return during the performance period of 2/18/14 to 2/17/17. The performance payout was approved at 150% of target.
- F3Shares sold pursuant to 10b5-1 Trading Plan.
- F4The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $114.98 to $115.88, inclusive.
- F5The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $115.98 to $116.97, inclusive.
- F6The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $116.98 to $117.94, inclusive.
- F7These Market-based Performance Restricted Stock Units vest between 0% and 150% on 2/18/17. The performance of these awards is based on the Lam Research Total Shareholder Return performance relative to the Philadelphia Semiconductor Sector Index Total Shareholder Return during the performance period of 2/18/14 to 2/17/17.