X0306 4 2016-12-14 0 0001679273 Lamb Weston Holdings, Inc. LW 0001215826 MCLEVISH TIMOTHY R C/O LAMB WESTON HOLDINGS, INC. 599 S. RIVERSHORE LANE EAGLE ID 83616 1 1 0 0 Executive Chairman Common Stock 1906 D Employee Stock Option (Right to Buy) 35.15 2016-12-14 4 A 0 73968 0.00 A 2026-12-13 Common Stock 73968 73968 D Restricted Stock Units 2016-12-14 4 A 0 24656 0.00 A Common Stock 24656 24656 D Restricted Stock Units Common Stock 4875 4875 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 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. This option becomes exercisable as follows: 33.33% on December 14, 2017, 33.33% on December 14, 2018 and 33.34% on December 14, 2019. 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, 2019, 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. /s/ Eryk J. Spytek, as Attorney-in-Fact 2016-12-16