Richard A. Gottscho - 07 Feb 2022 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Role
Executive Vice President & CTO
Signature
Leign Cramer by Power of Attorney
Issuer symbol
LRCX
Transactions as of
07 Feb 2022
Transactions value $
$0
Form type
4
Filing time
09 Feb 2022, 17:00:59 UTC
Next filing
03 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRCX Common Stock Options Exercise $0 +9,957 +37.2% $0.000000 36,713 07 Feb 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 -6,638 -100% $0.000000* 0 07 Feb 2022 Common Stock 6,638 $0.000000 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 6,638 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.