SEC Form 4 · accession 0001192381-15-000011
LAM RESEARCH CORP · LRCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Douglas R Bettinger
Officer — EVP, Chief Financial Officer
Period of report
Feb 11, 2015
Accepted (ET)
Feb 13, 2015 · 5:04 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 | Feb 11, 2015 | M | 1,089 | $42.41 | A | 34,807 | D | |
| Common StockF2,F1 | Feb 11, 2015 | A | 12,406 | $0.00 | A | 47,213 | D | |
| Common StockF3,F1 | Feb 12, 2015 | S | 544 | $80.75 | D | 46,669 | D |
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) | $42.41 | Feb 11, 2015 | M | 1,089 | D | Feb 8, 2015 | Mar 11, 2020 | Common Stock | 1,089 | 52,267 | D |
| Employee Stock Option (Right to Buy)F4 | $80.60 | Feb 11, 2015 | A | 9,303 | A | — | Feb 11, 2022 | Common Stock | 9,303 | 61,570 | D |
| Market-based Performance Restricted Stock UnitF5 | $0.00 | Feb 11, 2015 | A | 15,508 | A | — | — | Common Stock | 15,508 | 51,731 | D |
Explanation of responses
- F1Amount reported includes shares subject to unvested Restricted Stock Units.
- F233.3% of the RSUs will vest on 2/11/16, 2/11/17, and 2/11/18.
- F3Shares sold pursuant to 10b5-1 Trading Plan.
- F433.3% of the stock options will vest on 2/11/16, 2/11/17, and 2/11/18.
- F5These Market-based Performance Restricted Stock Units vest between 0% and 150% on 2/11/18. The performance of these awards 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 2/2/18.