SEC Form 4 · accession 0000707549-17-000034
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 28, 2017
Accepted (ET)
Mar 2, 2017 · 3:28 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,F2 | Feb 28, 2017 | S | 5,000 | $119.03 | D | 85,018 | D | |
| Common StockF2 | Mar 1, 2017 | F | 3,019 | $119.67 | D | 81,999 | D | |
| Common StockF3,F2 | Mar 1, 2017 | A | 15,542 | $0.00 | A | 97,541 | 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 UnitF4 | $0.00 | Mar 1, 2017 | A | 19,428 | A | — | — | Common Stock | 19,428 | 70,075 | D |
| Employee Stock Option (Right to Buy)F5 | $119.67 | Mar 1, 2017 | A | 15,540 | A | — | Mar 1, 2024 | Common Stock | 15,540 | 89,364 | D |
Explanation of responses
- F1Shares sold pursuant to 10b5-1 Trading Plan.
- F2Amount reported includes shares subject to unvested Restricted Stock Units.
- F333.3% of the RSUs will vest on 3/1/18, 3/1/19, and 3/1/20.
- F4These Market-based Performance Restricted Stock Units vest between 0% and 150% on 3/01/20. 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 2/01/17 to 1/31/20.
- F533.3% of the stock options will vest on 3/1/18, 3/1/19, and 3/1/20.