Douglas R. Bettinger - Feb 7, 2022 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Role
Chief Financial Officer & EVP
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, 04:58 PM
Previous filing
Feb 1, 2022
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRCX Common Stock Options Exercise $0 +11.9K +15.45% $0.00 89.3K Feb 7, 2022 Direct F1, F2

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 -7.97K -100% $0.00* 0 Feb 7, 2022 Common Stock 7.97K $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 7,966 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.