LAM RESEARCH CORP — Director's Dealing 2019

Mar 5, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAM RESEARCH CORP (LRCX)
CIK: 0000707549
Period of Report: 2019-03-01

Reporting Person: JENNINGS KEVIN (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-01	Common Stock	F	3573	$176.75	Disposed	13337	Direct
2019-03-01	Common Stock	F	1195	$176.75	Disposed	12142	Direct
2019-03-01	Common Stock	F	770	$176.75	Disposed	11372	Direct
2019-03-01	Common Stock	F	556	$176.75	Disposed	10816	Direct
2019-03-01	Common Stock	A	2788	—	Acquired	13604	Direct
2019-03-01	Common Stock	M	1553	$119.67	Acquired	15157	Direct
2019-03-01	Common Stock	S	1553	$177.67	Disposed	13604	Direct
2019-03-04	Common Stock	S	7016	$177.35	Disposed	6588	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-01	Market-based Performance Restricted Stock Unit	$0.0	A	4647	Acquired		Common Stock (4647.0)	Direct
2019-03-01	Employee Stock Option (Right to Buy)	$176.75	A	7432	Acquired	2026-03-01	Common Stock (7432.0)	Direct
2019-03-01	Employee Stock Option (Right to Buy)	$119.67	M	1553	Acquired	2024-03-01	Common Stock (1553.0)	Direct

Footnotes

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

F2: The Restricted Stock Units will vest in three equal installments on 03/01/2020, 03/01/2021, and 03/01/2022.

F3: Shares exercised pursuant to 10b5-1 Trading Plan.

F4: These Market-based Performance Restricted Stock Units 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.

F5: The stock option becomes exercisable in three equal installments on 03/01/2020, 03/01/2021, and 03/01/2022.

F6: 33.3% of the stock options will vest on 3/1/18, 3/1/19, and 3/1/20.