SEC Form 4/A · accession 0001192381-15-000020
LAM RESEARCH CORP · LRCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Douglas R Bettinger
Officer — EVP, Chief Financial Officer
Period of report
Feb 11, 2015
Accepted (ET)
Feb 20, 2015 · 9:16 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, 2015 | A | 12,406 | $0.00 | A | 46,124 | 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)F2,F3 | $80.60 | Feb 11, 2015 | A | 9,303 | A | — | Feb 11, 2022 | Common Stock | 9,303 | 66,399 | D |
| Market-based Performance Restricted Stock UnitF4 | $0.00 | Feb 11, 2015 | A | 15,508 | A | — | — | Common Stock | 15,508 | 51,731 | D |
Explanation of responses
- F133.3% of the RSUs will vest on 2/11/16, 2/11/17 and 2/11/18.
- F2The stock option exercise of 1,089 shares, and sale of common stock acquired upon such exercise, of 544 shares pursuant to a 10b5-1 Trading Plan that were reported in a Form 4 filed on February 13, 2015 (the "Form 4"), which the broker acknowledged were erroneously executed without the reporting person's involvement due to the broker's error, were undone through the broker's error account and therefore did not occur for the reporting person's account. After nullifying the erroneous transactions, and after the following Form 4 reported grants of Restricted Stock Units representing 12,406 shares, a Stock Option representing 9,303 shares, and Market-based Performance Restricted Stock Units representing 15,508 shares , the reporting person owned 46,124 shares of common stock, including shares subject to unvested Restricted Stock Units, and held Employee Stock Options subject to 66,399 shares and Market-based Performance Restricted Stock Units representing 51,731 shares.
- F333.3% of the stock options will vest on 2/11/16, 2/11/17 and 2/11/18.
- F4These 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