Ava Hahn - 07 Feb 2023 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Role
Chief Legal Officer & SVP
Signature
Brenna Hodgson by Power of Attorney
Issuer symbol
LRCX
Transactions as of
07 Feb 2023
Transactions value $
$0
Form type
4
Filing time
09 Feb 2023, 17:41:59
Previous filing
03 Mar 2022
Next filing
03 Mar 2023
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 +5.06K +129.72% $0.00 8.96K 07 Feb 2023 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 -4.39K -100% $0.00* 0 07 Feb 2023 Common Stock 4.39K $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 03/02/2020, the Reporting Person received a target grant of 4,393 Market-based Performance Restricted Stock Units vesting between 0% and 150% on 03/02/2023. The vesting of this award is based on the total return stock price performance of Lam Research shares (assuming reinvestment of dividends) relative to the market price performance of the PHLX Semiconductor Sector Total Return Index, comparing the 50-trading day trailing average closing price over the performance period from February 3, 2020, to February 2, 2023.
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 03/02/2023. The vesting of this award is based on the total return stock price performance of Lam Research shares (assuming reinvestment of dividends) relative to the market price performance of the PHLX Semiconductor Sector Total Return Index, comparing the 50-trading day trailing average closing price over the performance period from February 3, 2020, to February 2, 2023.