SEC Form 4 · accession 0001628280-16-012220
LAM RESEARCH CORP · LRCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Gottscho
Officer — Executive Vice President
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 3:15 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 | Mar 1, 2016 | A | 14,105 | $0.00 | A | 77,088 | 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)F3 | $75.57 | Mar 1, 2016 | A | 28,209 | A | — | Mar 1, 2023 | Common Stock | 28,209 | 97,626 | D |
| Market-based Performance Restricted Stock UnitF4 | $0.00 | Mar 1, 2016 | A | 23,509 | A | — | — | Common Stock | 23,509 | 66,268 | D |
Explanation of responses
- F133.3% of the RSUs will vest on 3/1/17, 3/1/18, and 3/1/19.
- F2Amount reported includes shares subject to unvested Restricted Stock Units.
- F333.3% of the stock options will vest on 3/1/17, 3/1/18, and 3/1/19.
- F4These Market-based Performance Restricted Stock Units vest between 0% and 150% on 3/1/19. 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 (2/1/16 to 2/1/19).