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LRCX Lam Research Corporation

903.84
-24.97 (-2.69%)
Last Updated: 17:47:43
Delayed by 15 minutes
Share Name Share Symbol Market Type
Lam Research Corporation NASDAQ:LRCX NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -24.97 -2.69% 903.84 902.75 903.49 934.53 903.05 923.86 238,648 17:47:43

Statement of Changes in Beneficial Ownership (4)

03/03/2020 9:49pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Bettinger Douglas R
2. Issuer Name and Ticker or Trading Symbol

LAM RESEARCH CORP [ LRCX ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Financial Officer & EVP
(Last)          (First)          (Middle)

4650 CUSHING PARKWAY
3. Date of Earliest Transaction (MM/DD/YYYY)

2/28/2020
(Street)

FREMONT, CA 94538
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 2/28/2020  F  8492 (1)D$293.43 105344 (2)D  
Common Stock 2/28/2020  F  789 (1)D$293.43 104555 (2)D  
Common Stock 2/28/2020  F  566 (1)D$293.43 103989 (2)D  
Common Stock 2/28/2020  F  1569 (1)D$293.43 102420 (2)D  
Common Stock 2/28/2020  F  782 (1)D$293.43 101638 (2)D  
Common Stock 3/2/2020  A  3515 (3)A$0 105153 (2)D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Market-based Performance Restricted Stock Unit $0.0 3/2/2020  A   4393     (4) (4)Common Stock 4393.0 $0 4393 D  
Employee Stock Option (Right to Buy) $300.33 3/2/2020  A   3512     (5)3/2/2027 Common Stock 3512.0 $300.33 3512 D  

Explanation of Responses:
(1) Represents the number of shares that were automatically withheld upon vesting of restricted stock units to satisfy tax withholding obligations.
(2) Amount reported includes shares subject to unvested Restricted Stock Units.
(3) The Restricted Stock Units will vest in three equal installments on 03/02/2021, 03/02/2022, and 03/02/2023.
(4) These Market-based Performance Restricted Stock Units vest between 0% and 150% on 03/02/2023. 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 02/03/2020 through 02/02/2023.
(5) The stock option becomes exercisable in three equal installments on 03/02/2021, 03/02/2022, and 03/02/2023.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Bettinger Douglas R
4650 CUSHING PARKWAY
FREMONT, CA 94538


Chief Financial Officer & EVP

Signatures
Brenna Hodgson by Power of Attorney3/3/2020
**Signature of Reporting PersonDate

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