SEC Form 4 · accession 0000707549-18-000033
LAM RESEARCH CORP · LRCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sarah A O'Dowd
Officer — SVP, Chief Legal Officer
Period of report
Feb 9, 2018
Accepted (ET)
Feb 13, 2018 · 6:31 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 9, 2018 | M | 12,096 | $165.87 | A | 54,701 | D | |
| Common StockF2 | Feb 9, 2018 | F | 5,114 | $165.87 | D | 49,587 | D | |
| Common StockF2 | Feb 9, 2018 | F | 1,066 | $165.87 | D | 48,521 | 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 UnitF1,F3 | $0.00 | Feb 9, 2018 | M | 8,064 | A | — | — | Common Stock | 8,064 | 0 | D |
Explanation of responses
- F1On 2/11/15, the Reporting Person received a target grant of 8,064 Market-based Performance Restricted Stock Units vesting between 0% and 150% on 2/11/18. 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 2/2/15 to 2/1/18. The performance payout was approved at 150% of target.
- F2Amount reported includes shares subject to unvested Restricted Stock Units.
- F3These Market-based Performance Restricted Stock Units vest between 0% and 150% on 2/11/18. 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 2/2/15 to 2/1/18.