SEC Form 4 · accession 0000707549-17-000039
LAM RESEARCH CORP · LRCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas R Bettinger
Officer — EVP, Chief Financial Officer
Period of report
Mar 1, 2017
Accepted (ET)
Mar 2, 2017 · 8:15 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 | Mar 1, 2017 | F | 2,075 | $119.67 | D | 35,584 | D | |
| Common StockF2,F1 | Mar 1, 2017 | A | 9,498 | $0.00 | A | 45,082 | 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 UnitF3 | $0.00 | Mar 1, 2017 | A | 11,872 | A | — | — | Common Stock | 11,872 | 47,272 | D |
| Employee Stock Option (Right to Buy)F4 | $119.67 | Mar 1, 2017 | A | 9,496 | A | — | Mar 1, 2024 | Common Stock | 9,496 | 59,570 | D |
Explanation of responses
- F1Amount reported includes shares subject to unvested Restricted Stock Units.
- F233.3% of the RSUs will vest on 3/1/18, 3/1/19, and 3/1/20.
- F3These 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.
- F433.3% of the stock options will vest on 3/1/18, 3/1/19, and 3/1/20.