SEC Form 4 · accession 0000707549-18-000074
LAM RESEARCH CORP · LRCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Archer
Officer — President and COO
Period of report
Mar 21, 2018
Accepted (ET)
Mar 23, 2018 · 6:31 pm EDT
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 | Mar 21, 2018 | M | 11,574 | $75.57 | A | 92,540 | D | |
| Common StockF3,F4,F2 | Mar 21, 2018 | S | 16,200 | $221.40 | D | 76,340 | D | |
| Common StockF3,F5,F2 | Mar 21, 2018 | S | 374 | $222.06 | D | 75,966 | D | |
| Common Stock | holding | — | — | — | 4,437 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 524 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1,F6 | $75.57 | Mar 21, 2018 | M | 11,574 | D | — | Mar 1, 2023 | Common Stock | 11,574 | 23,148 | D |
Explanation of responses
- F1Shares exercised pursuant to 10b5-1 Trading Plan.
- F2Amount reported includes shares subject to unvested Restricted Stock Units.
- 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 $221.00 to $221.99, inclusive.
- F5The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $222.00 to $222.17, inclusive.
- F6On 3/1/2016, the reporting person was granted stock options with a graded vesting schedule in which one-third of the total grant vests on 3/1/2017, 3/1/2018, and 3/1/2019.