Statement of Changes in Beneficial Ownership (4)
March 03 2020 - 4:55PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Gottscho Richard A |
2. Issuer Name and Ticker or Trading Symbol
LAM RESEARCH CORP
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LRCX
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Vice President & CTO |
(Last)
(First)
(Middle)
4650 CUSHING PARKWAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/28/2020 |
(Street)
FREMONT, CA 94538
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/28/2020 | | F | | 10182 (1) | D | $293.43 | 61115 (2) | D | |
Common Stock | 2/28/2020 | | F | | 657 (1) | D | $293.43 | 60458 (2) | D | |
Common Stock | 2/28/2020 | | F | | 1855 (1) | D | $293.43 | 58603 (2) | D | |
Common Stock | 2/28/2020 | | F | | 869 (1) | D | $293.43 | 57734 (2) | D | |
Common Stock | 3/2/2020 | | A | | 3195 (3) | A | $0 | 60929 (2) | D | |
Common Stock | 3/2/2020 | | S | | 14306 (4) | D | $296.64 | 46623 (2) | D | |
Common Stock | 3/2/2020 | | M | | 3742 (5) | A | $119.67 | 50365 (2) | D | |
Common Stock | 3/2/2020 | | S | | 3742 (5) | D | $296.64 | 46623 (2) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Market-based Performance Restricted Stock Unit | $0.0 | 3/2/2020 | | A | | 3994 | | (6) | (6) | Common Stock | 3994.0 | $0 | 3994 | D | |
Employee Stock Option (Right to Buy) | $300.33 | 3/2/2020 | | A | | 3192 | | (7) | 3/2/2027 | Common Stock | 3192.0 | $300.33 | 3192 | D | |
Employee Stock Option (Right to Buy) | $119.67 | 3/2/2020 | | M | | | 3742 | (8) | 3/1/2024 | Common Stock | 3742.0 | $119.67 | 0 | D | |
Explanation of Responses: |
(1) | Represents the number of shares that were automatically withheld upon vesting of restricted stock units to satisfy tax withholding obligations. |
(2) | Amount reported includes shares subject to unvested Restricted Stock Units. |
(3) | The Restricted Stock Units will vest in three equal installments on 03/02/2021, 03/02/2022, and 03/02/2023. |
(4) | Shares sold pursuant to 10b5-1 Trading Plan. |
(5) | Shares exercised pursuant to 10b5-1 Trading Plan |
(6) | These Market-based Performance Restricted Stock Units vest between 0% and 150% on 03/02/2023. 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 02/03/2020 through 02/02/2023. |
(7) | The stock option becomes exercisable in three equal installments on 03/02/2021, 03/02/2022, and 03/02/2023. |
(8) | 33.3% of the stock options will vest on 03/01/2018, 03/01/2019, and 03/01/2020. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Gottscho Richard A 4650 CUSHING PARKWAY FREMONT, CA 94538 |
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| Executive Vice President & CTO |
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Signatures
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Brenna Hodgson by Power of Attorney | | 3/3/2020 |
**Signature of Reporting Person | Date |
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