SEC Form 4 · accession 0000707549-19-000039
LAM RESEARCH CORP · LRCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sarah A O'Dowd
Officer — Chief Legal Officer & SVP
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 5:06 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, 2019 | F | 4,733 | $176.75 | D | 44,456 | D | |
| Common StockF1 | Mar 1, 2019 | F | 1,004 | $176.75 | D | 43,452 | D | |
| Common StockF1 | Mar 1, 2019 | F | 799 | $176.75 | D | 42,653 | D | |
| Common StockF1 | Mar 1, 2019 | F | 486 | $176.75 | D | 42,167 | D | |
| Common StockF2,F1 | Mar 1, 2019 | A | 2,230 | $0.00 | A | 44,397 | 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, 2019 | A | 3,717 | A | — | — | Common Stock | 3,717 | 3,717 | D |
| Employee Stock Option (Right to Buy)F4 | $176.75 | Mar 1, 2019 | A | 5,948 | A | — | Mar 1, 2026 | Common Stock | 5,948 | 5,948 | D |
Explanation of responses
- F1Amount reported includes shares subject to unvested Restricted Stock Units.
- F2The Restricted Stock Units will vest in three equal installments on 03/01/2020, 03/01/2021, and 03/01/2022.
- F3These Market-based Performance Restricted Stock Units vest between 0% and 150% on 03/01/2022. 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 02/01/2019 through 01/31/2022.
- F4The stock option becomes exercisable in three equal installments on 03/01/2020, 03/01/2021, and 03/01/2022.