LAM RESEARCH CORP — Director's Dealing 2016

Feb 22, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAM RESEARCH CORP (LRCX)
CIK: 0000707549
Period of Report: 2016-02-18

Reporting Person: Anstice Martin B (President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-18	Common Stock	F	12495	$67.77	Disposed	120725	Direct
2016-02-18	Common Stock	F	8737	$67.77	Disposed	111988	Direct
2016-02-22	Common Stock	M	44598	$67.77	Acquired	156586	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-18	Market-based Performance Restricted Stock Unit	$0.0	M	31394	Disposed		Common Stock (31394.0)	Direct

Footnotes

F1: Amount reported includes shares subject to unvested Restricted Stock Units.

F2: On 2/18/14, the Reporting Person received a target grant of 31,394 Market-based Performance Restricted Stock Units vesting between 0% and 150% on 2/18/16. The performance of this award was based on the Lam Research Total Shareholder Return performance relative to the Philadelphia Semiconductor Sector Index Total Shareholder Return during the performance period of 2/18/14 to 2/17/16. The performance payout was approved at 142.06% of target. The award vested on 2/18/16 and the shares were distributed on 2/22/16.

F3: These Market-based Performance Restricted Stock Units vest between 0% and 150% on 2/18/16. The performance of these awards 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 (2/18/14 to 2/17/16).