What is a "blackout period" as described in this filing?

A blackout period, in this context, is a temporary restriction placed on the ability of plan participants, including directors and executive officers, to buy, sell, or otherwise transfer ownership of company stock held within employee benefit plans. This is typically implemented for administrative or compliance reasons, such as during a plan transition or audit.

Who is affected by this trading suspension?

The trading suspension primarily affects the company's directors and executive officers. While the filing mentions "participants in the 401(k) Plan" and "security holders" can obtain information, the restrictions are specifically noted for insiders.

When did this blackout period begin, and when will it end?

The filing indicates the notice was transmitted on March 9, 2006. The exact start and end dates of the blackout period are not explicitly stated in this 8-K, but the company has provided contact information for individuals to obtain the actual ending date.

Why is Lam Research imposing this trading restriction?

The filing states the suspension is required by Rule 104 of Regulation BTR. Such restrictions are often put in place to prevent potential insider trading violations or to facilitate administrative changes within employee benefit plans, such as a change in plan administrator or investment options.

LRCX 8-K SEC Disclosure

Summary

Lam Research Corporation (LRCX) filed an 8-K on March 9, 2006, to announce a temporary suspension of trading under its employee benefit plans, commonly referred to as a "blackout period." This action is in compliance with Regulation BTR and affects the company's common stock. During this period, the company's directors and executive officers are restricted from trading company securities. The filing provides contact information for individuals seeking details about the blackout period, including its actual end date, from George Schisler, Director of General Legal Services.

Key Highlights

1LRCX announced a temporary trading suspension under its employee benefit plans (blackout period) effective March 9, 2006.
2The blackout period applies to the company's common stock.
3Directors and executive officers are subject to trading restrictions during this period.
4This action is in accordance with Rule 104 of Regulation BTR.
5The company has provided contact information for inquiries regarding the blackout period.
6Martin B. Anstice, Group Vice President, Finance, CFO, and CAO, signed the filing.
7Exhibit 99.1 contains the official notice to directors and executive officers regarding the blackout.

LAM RESEARCH CORP 8-K Report, Temporary Suspension of Trading Under Employee Benefit Plans (Mar 9, 2006)

Summary

Key Highlights

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