X0306 4 2016-12-14 0 0001679273 Lamb Weston Holdings, Inc. LW 0001187349 JURGENSEN WILLIAM G C/O LAMB WESTON HOLDINGS, INC. 599 S. RIVERSHORE LANE EAGLE ID 83616 1 0 0 0 Common Stock 38240 D Restricted Stock Units 2016-12-14 4 A 0 2465 0.00 A Common Stock 2465 2465 D Restricted Stock Units Common Stock 4875 4875 D Director Stock Options 16.47 2017-09-26 Common Stock 14117 14117 D Director Stock Options 12.53 2018-09-24 Common Stock 14117 14117 D Director Stock Options 13.69 2019-09-24 Common Stock 23528 23528 D Represents shares of Lamb Weston Holdings, Inc. ("Lamb Weston") common stock received in connection with the pro-rata distribution of Lamb Weston common stock by Conagra Brands, Inc. ("Conagra") (the "Spinoff") and converted from Conagra common stock held by the Reporting Person as of the Spinoff. Exempt acquisitions under Rule 16a-9 are being shown on a voluntary basis in this row and are estimated as of November 9, 2016 based on preliminary information regarding the Spinoff. Final amounts, if different, will be reported in a subsequent filing. Each restricted stock unit represents a contingent right to receive one share of Lamb Weston common stock upon settlement. Restricted stock units vest on December 14, 2017, or earlier upon certain events. Restricted stock units vest on May 30, 2017, or earlier upon certain events. Grant of restricted stock units received in connection with the Spinoff and converted from Conagra restricted stock units held by the Reporting Person as of the Spinoff. Exempt acquisitions under Rule 16a-9 are being shown on a voluntary basis in this row. Grant of option to purchase 14,117 shares of Lamb Weston common stock, which is fully vested, was received in the Spinoff in exchange for an option held by the Reporting Person to purchase 9,000 shares of Conagra common stock for $25.82 per share, subject to the same terms and conditions as the original Conagra stock option. Exempt acquisitions under Rule 16a-9 are being shown on a voluntary basis in this row. Grant of option to purchase 14,117 shares of Lamb Weston common stock, which is fully vested, was received in the Spinoff in exchange for an option held by the Reporting Person to purchase 9,000 shares of Conagra common stock for $19.65 per share, subject to the same terms and conditions as the original Conagra stock option. Exempt acquisitions under Rule 16a-9 are being shown on a voluntary basis in this row. Grant of option to purchase 23,528 shares of Lamb Weston common stock, which is fully vested, was received in the Spinoff in exchange for an option held by the Reporting Person to purchase 15,000 shares of Conagra common stock for $21.47 per share, subject to the same terms and conditions as the original Conagra stock option. Exempt acquisitions under Rule 16a-9 are being shown on a voluntary basis in this row. /s/ Eryk J. Spytek, as Attorney-in-Fact 2016-12-16