LAM RESEARCH CORP — Director's Dealing 2012

Jun 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAM RESEARCH CORP (LRCX)
CIK: 0000707549
Period of Report: 2012-06-04

Reporting Person: ARCHER TIMOTHY (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-04	Common Stock	A	145468	—	Acquired	0	Direct
2012-06-04	Common Stock	A	4227	—	Acquired	0	Indirect
2012-06-04	Common Stock	A	500	—	Acquired	150195	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-04	Stock Option (right to buy)	$36.29	A	22500	Acquired	2013-12-18	Common Stock (22500)	Direct
2012-06-04	Stock Option (right to buy)	$27.77	A	18000	Acquired	2014-06-11	Common Stock (18000)	Direct
2012-06-04	Stock Option (right to buy)	$24.43	A	33750	Acquired	2014-12-16	Common Stock (33750)	Direct
2012-06-04	Stock Option (right to buy)	$29.68	A	73125	Acquired	2016-12-14	Common Stock (73125)	Direct
2012-06-04	Stock Option (right to buy)	$23.25	A	56250	Acquired	2017-12-13	Common Stock (56250)	Direct
2012-06-04	Stock Option (right to buy)	$11.09	A	42188	Acquired	2018-12-18	Common Stock (42188)	Direct
2012-06-04	Stock Option (right to buy)	$21.28	A	84375	Acquired	2019-12-17	Common Stock (84375)	Direct
2012-06-04	Stock Option (right to buy)	$29.34	A	40500	Acquired	2020-12-16	Common Stock (40500)	Direct
2012-06-04	Stock Option (right to buy)	$22.01	A	45000	Acquired	2015-12-15	Common Stock (45000)	Direct

Footnotes

F1: Acquired in connection with the merger of BLMS Inc. ("Merger Sub"), a wholly owned subsidiary of Lam Research Corporation ("Lam Research"), with and into Novellus Systems, Inc. ("Novellus"), pursuant to the terms of the Agreement and Plan of Merger by and among Merger Sub, Lam Research and Novellus dated December 14, 2011 (the "Merger"). In connection with the Merger, Mr. Archer received 145,468 shares of Lam Research common stock in exchange for 129,306 shares of Novellus common stock. On June 4, 2012, the effective date of the Merger, the closing price of Lam Research's common stock was $35.99 and the closing price of Novellus' common stock was $40.39 per share.

F2: Acquired in connection with the Merger. The indirect holdings of the 401(k) are held in the Company unitized stock fund.

F3: Amount reported includes shares subject to unvested Restricted Stock Units.

F4: Received in the Merger in exchange for an employee stock option to acquire 20,000 shares of Novellus common stock for $40.82 per share.

F5: Received in the Merger in exchange for an employee stock option to acquire 16,000 shares of Novellus common stock for $31.24 per share.

F6: Received in the Merger in exchange for an employee stock option to acquire 30,000 shares of Novellus common stock for $27.48 per share.

F7: Received in the Merger in exchange for an employee stock option to acquire 65,000 shares of Novellus common stock for $33.39 per share.

F8: Received in the Merger in exchange for an employee stock option to acquire 50,000 shares of Novellus common stock for $26.15 per share.

F9: The option vests fully on August 18, 2012.

F10: Received in the Merger in exchange for an employee stock option to acquire 37,500 shares of Novellus common stock for $12.47 per share.

F11: The option vests in three equal annual installments beginning December 17, 2011.

F12: Received in the Merger in exchange for an employee stock option to acquire 75,000 shares of Novellus common stock for $23.93 per share.

F13: The option vests in four equal annual installments beginning December 16, 2011.

F14: Received in the Merger in exchange for an employee stock option to acquire 36,000 shares of Novellus common stock for $33.00 per share.

F15: Received in the Merger in exchange for an employee stock option to acquire 40,000 shares of Novellus common stock for $24.76 per share.