Seshasayee Varadarajan - Feb 4, 2025 Form 4 Insider Report for LAM RESEARCH CORP (LRCX)

Signature
Marta Woods by Power of Attorney
Stock symbol
LRCX
Transactions as of
Feb 4, 2025
Transactions value $
$0
Form type
4
Date filed
2/6/2025, 04:10 PM
Previous filing
Oct 1, 2024
Next filing
Feb 21, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LRCX Common Stock Options Exercise $0 +14.5K +8.84% $0.00 179K Feb 4, 2025 Direct F1, F2
holding LRCX Common Stock 2.37K Feb 4, 2025 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 Options Exercise $0 -25.5K -100% $0.00 0 Feb 4, 2025 Common Stock 25.5K $0.00 Direct F3
holding LRCX Market-based Performance Restricted Stock Unit 29.2K Feb 4, 2025 Common Stock 29.2K $0.00 Direct F4
holding LRCX Market-based Performance Restricted Stock Unit 36K Feb 4, 2025 Common Stock 36K $0.00 Direct F5
holding LRCX Employee Stock Option (Right to Buy) 12.3K Feb 4, 2025 Common Stock 12.3K $59.88 Direct F6
holding LRCX Employee Stock Option (Right to Buy) 27.5K Feb 4, 2025 Common Stock 27.5K $30.03 Direct F7
holding LRCX Employee Stock Option (Right to Buy) 23.9K Feb 4, 2025 Common Stock 23.9K $98.15 Direct F8
holding LRCX Employee Stock Option (Right to Buy) 74.3K Feb 4, 2025 Common Stock 74.3K $17.68 Direct F9
holding LRCX Employee Stock Option (Right to Buy) 20.9K Feb 4, 2025 Common Stock 20.9K $54.06 Direct F10
holding LRCX Employee Stock Option (Right to Buy) 29.4K Feb 4, 2025 Common Stock 29.4K $49.09 Direct F11
holding LRCX Employee Stock Option (Right to Buy) 35.8K Feb 4, 2025 Common Stock 35.8K $19.01 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On 03/01/2022, the Reporting Person received a target grant of 25,540 Market-based Performance Restricted Stock Units vesting between 0% and 150% on 03/01/2025. 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 02/01/2022 through 01/31/2025.
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 03/01/2025. 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.
F4 The Market-based performance restricted stock units will vest between 0% and 150% on 03/01/2027. The performance of this award is based on the Lam Research Total Shareholder Return performance relative to the PHLX Semiconductor Total Return Index Total Shareholder Return during the performance period of 02/01/2024 through 01/31/2027.
F5 The Market-based performance restricted stock units will vest between 0% and 150% on 03/01/2026. The performance of this award is based on the Lam Research Total Shareholder Return performance relative to the PHLX Semiconductor Total Return Index Total Shareholder Return during the performance period of 02/01/2023 through 01/31/2026.
F6 The stock options will become exercisable in three equal installments on 03/01/2022, 03/01/2023, and 03/01/2024
F7 The stock options will become exercisable in three equal installments on 03/02/2021, 03/02/2022, and 03/02/2023.
F8 The stock options will become exercisable in three equal installments on 03/01/2025, 03/01/2026, and 03/01/2027.
F9 The stock options will become exercisable in three equal installments on 03/01/2020, 03/01/2021, and 03/01/2022.
F10 The stock options will become exercisable in three equal installments on 03/01/2023, 03/01/2024, and 03/01/2025
F11 The stock options will become exercisable in three equal installments on 03/01/2024, 03/01/2025, and 03/01/2026
F12 The stock options will become exercisable in three equal installments on 03/01/2019, 03/01/2020, and 03/01/2021.

Remarks:

Adjusted to reflect a ten-for-one forward split of the Issuer's common stock effective after market close on October 2, 2024.