Seshasayee Varadarajan - Mar 1, 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
Mar 1, 2022
Transactions value $
-$2,374,615
Form type
4
Date filed
3/3/2022, 03:35 PM
Previous filing
Feb 9, 2022
Next filing
Feb 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRCX Common Stock Award $0 +1.39K +5.54% $0.00 26.6K Mar 1, 2022 Direct F1, F2
transaction LRCX Common Stock Tax liability -$1.76M -3.25K -12.24% $540.57 23.3K Mar 1, 2022 Direct F2, F3
transaction LRCX Common Stock Tax liability -$139K -258 -1.11% $540.57 23K Mar 1, 2022 Direct F2, F3
transaction LRCX Common Stock Tax liability -$238K -441 -1.91% $540.57 22.6K Mar 1, 2022 Direct F2, F3
transaction LRCX Common Stock Tax liability -$240K -434 -1.92% $554.02 22.2K Mar 2, 2022 Direct F2, F3
holding LRCX Common Stock 234 Mar 1, 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 Award $0 +2.55K $0.00 2.55K Mar 1, 2022 Common Stock 2.55K $0.00 Direct F4
transaction LRCX Employee Stock Option (Right to Buy) Award $0 +2.09K $0.00 2.09K Mar 1, 2022 Common Stock 2.09K $540.57 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units will vest in three equal installments on 03/01/2023, 03/01/2024, and 03/01/2025
F2 The amount reported includes shares subject to unvested restricted stock units.
F3 Represents shares that were automatically withheld upon vesting of restricted stock units to satisfy tax withholding obligations.
F4 The Market-based performance restricted stock units will vest between 0% and 150% on 03/01/2025. The performance of this award is based on the Lam Research Total Shareholder Return performance relative to the Philadelphia Semiconductor Total Return Index Total Shareholder Return during the performance period of 02/01/2022 through 01/31/2025.
F5 The stock options will become exercisable in three equal installments on 03/01/2023, 03/01/2024, and 03/01/2025.