What is a "blackout trading restriction"?

A blackout trading restriction is a period during which participants in an employer's retirement plan, such as a 401(k) plan, are prohibited from trading company stock held within that plan. This is typically implemented to prevent insider trading or other abuses during significant corporate events.

Why is Lam Research implementing this blackout period?

The filing indicates the blackout period is being implemented for executive officers and directors as required by Rule 104 of Regulation BTR. While the specific reason for the blackout isn't detailed in this 8-K, such restrictions are often put in place around significant corporate events like mergers, acquisitions, or during periods of financial reporting.

Who is affected by this trading suspension?

The primary group affected by this specific notice are the executive officers and directors of Lam Research. However, the communication also mentions that participants in the 401(k) Plan, security holders, or other interested persons can obtain information about the blackout period.

How can I find out when the blackout period ends?

Investors and plan participants can obtain information regarding the blackout period, including its actual ending date, by contacting George Schisler, Vice President and General Counsel, at Lam Research Corporation, 4650 Cushing Parkway, Fremont, California 94538, or by telephone at (510) 572-6467.

LRCX 8-K SEC Disclosure

Summary

Lam Research Corporation (LRCX) filed an 8-K on October 10, 2007, to announce a temporary suspension of trading under its employee benefit plans, specifically a "blackout trading restriction" affecting its common stock. This measure, mandated by Regulation BTR, impacts executive officers and directors and is effective as of October 10, 2007. The company has provided specific contact information for participants in the 401(k) Plan, security holders, and other interested parties to obtain details about the blackout period, including its actual end date.

Key Highlights

1Lam Research announced a temporary suspension of trading under its employee benefit plans.
2The suspension is a "blackout trading restriction" on the company's common stock.
3The restriction applies to executive officers and directors of Lam Research.
4The effective date of the blackout period is October 10, 2007.
5The company is providing notice as required by Rule 104 of Regulation BTR.
6Information regarding the blackout period, including its end date, is available by contacting George Schisler, Vice President and General Counsel.
7The notice to directors and executive officers is filed as Exhibit 99.1 to this 8-K.

LAM RESEARCH CORP 8-K Report, Temporary Suspension of Trading Under Employee Benefit Plans (Oct 10, 2007)

Summary

Key Highlights

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