SEC Form 4 · accession 0001628280-16-011503
LAM RESEARCH CORP · LRCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Archer
Officer — Chief Operating Officer
Period of report
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 6:26 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 18, 2016 | F | 4,694 | $67.77 | D | 73,530 | D | |
| Common StockF1 | Feb 18, 2016 | F | 4,032 | $67.77 | D | 69,498 | D | |
| Common StockF2,F1 | Feb 22, 2016 | M | 20,583 | $67.77 | A | 90,081 | D | |
| Common Stock | holding | — | — | — | 4,321 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 510 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market-based Performance Restricted Stock UnitF2,F3 | $0.00 | Feb 18, 2016 | M | 14,489 | D | — | — | Common Stock | 14,489 | 50,691 | D |
Explanation of responses
- F1Amount reported includes shares subject to unvested Restricted Stock Units.
- F2On 2/18/14, the Reporting Person received a target grant of 14,489 Market-based Performance Restricted Stock Units vesting between 0% and 150% on 2/18/16. 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 2/18/14 to 2/17/16. The performance payout was approved at 142.06% of target. The award vested on 2/18/16 and the shares were distributed on 2/22/16.
- F3These Market-based Performance Restricted Stock Units vest between 0% and 150% on 2/18/16. 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 (2/18/14 to 2/17/16).