SEC Form 4 · accession 0000707549-17-000026
LAM RESEARCH CORP · LRCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Archer
Officer — Chief Operating Officer
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 8:45 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 | 4,032 | $114.90 | D | 69,231 | D | |
| Common StockF2,F1 | Feb 17, 2017 | M | 43,468 | $114.90 | A | 112,699 | D | |
| Common StockF3,F1 | Feb 21, 2017 | M | 30,000 | $42.61 | A | 142,699 | D | |
| Common StockF4,F1 | Feb 21, 2017 | S | 30,000 | $117.61 | D | 112,699 | D | |
| Common Stock | holding | — | — | — | 4,385 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 518 | I | By Spouse 401(k) |
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,F5 | $0.00 | Feb 17, 2017 | M | 28,979 | D | — | — | Common Stock | 28,979 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $42.61 | Feb 21, 2017 | M | 30,000 | D | Feb 8, 2015 | Feb 8, 2020 | Common Stock | 30,000 | 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 28,979 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 exercised pursuant to 10b5-1 Trading Plan
- F4Shares sold pursuant to 10b5-1 Trading Plan.
- F5These Market-based Performance Restricted Stock Units vest between 0% and 150% on 2/18/17. The performance of this award 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.