LAM RESEARCH CORP | 2013 | FY | 3


The table below details the consideration transferred to acquire Novellus:

 

     Conversion      Estimated  

(in thousands, except per share amounts)

   Calculation      Fair Value  

Lam common stock issued at merger

     82,689      

Per share price of Lam common stock as of June 4, 2012

   $ 35.99       $ 2,975,977   
  

 

 

    

Estimated fair value of vested Lam equivalent restricted stock (1)

      $ 9,599   

Estimated fair value of vested Lam equivalent stock options (2)

        41,412   
     

 

 

 

Estimated purchase price consideration

      $ 3,026,988   
     

 

 

 

 

(1) The fair value of Lam Research equivalent restricted stock as of the acquisition date was estimated based upon the per share price of Lam Research common stock as of June 4, 2012, and giving effect to the exchange ratio of 1.125.
(2) The fair value of the Lam Research equivalent stock options as of the acquisition date was estimated using the Black-Scholes valuation model. Assumptions used are the same as those for acquired awards as disclosed in Note 11 of Notes to Consolidated Financial Statements.

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