SEC Form 4 · accession 0000707549-19-000026
LAM RESEARCH CORP · LRCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas R Bettinger
Officer — Chief Financial Officer & EVP
Period of report
Feb 11, 2019
Accepted (ET)
Feb 13, 2019 · 7:20 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 11, 2019 | M | 22,066 | $0.00 | A | 132,279 | 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 | Feb 11, 2019 | M | 19,892 | A | — | — | Common Stock | 19,892 | 0 | D |
Explanation of responses
- F1On 03/01/2016, the Reporting Person received a target grant of 19,892 Market-based Performance Restricted Stock Units vesting between 0% and 150% on 03/01/2019. 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 02/01/2016 to 01/31/2019. The performance payout was approved at 110.93% 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 03/01/2019. 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 02/01/2016 to 01/31/2019.