Seshasayee Varadarajan - Feb 7, 2022 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Role: Senior Vice President
Signature: Leign Cramer by Power of Attorney
Stock symbol: LRCX
Transactions as of: Feb 7, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/9/2022, 04:50 PM
Previous filing: Jan 14, 2022
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LRCX	Common Stock	Options Exercise	$0	+6.97K	+38.32%	$0.00	25.2K	Feb 7, 2022	Direct	F1, F2
holding	LRCX	Common Stock						234	Feb 7, 2022	By 401(k)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LRCX	Market-based Performance Restricted Stock Unit	Options Exercise	$0	-4.65K	-100%	$0.00^*	0	Feb 7, 2022	Common Stock	4.65K	$0.00	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On 03/01/2019, the Reporting Person received a target grant of 4,647 Market-based Performance Restricted Stock Units vesting 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. The performance payout was approved at 150% of target.
F2	The amount reported includes shares subject to unvested restricted stock units.
F3	The Market-based performance restricted stock units will 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.