JENNINGS KEVIN 4
4 · LAM RESEARCH CORP · Filed Feb 21, 2020
Insider Transaction Report
Form 4
JENNINGS KEVIN
Senior Vice President
Transactions
- Exercise/Conversion
Common Stock
2020-02-19+8,742→ 15,330 total - Exercise/Conversion
Market-based Performance Restricted Stock Unit
2020-02-19+5,828→ 0 totalExercise: $0.00→ Common Stock (5,828 underlying)
Footnotes (3)
- [F1]On 03/01/2017, the Reporting Person received a target grant of 5,828 Market-based Performance Restricted Stock Units vesting between 0% and 150% on 03/01/2020. 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 02/01/2017 to 01/31/2020. The performance payout was approved at 150% of target.
- [F2]Amount reported includes shares subject to unvested Restricted Stock Units.
- [F3]These Market-based Performance Restricted Stock Units vest between 0% and 150% on 03/01/2020. 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 02/01/2017 to 01/31/2020.