X0306 4 2017-03-01 0 0001679273 Lamb Weston Holdings, Inc. LW 0001642306 Werner Thomas P. C/O LAMB WESTON HOLDINGS, INC. 599 S. RIVERSHORE LANE EAGLE ID 83616 1 1 0 0 President Performance Units 2017-03-01 4 A 0 74.6621 0.00 A Common Stock 74.6621 15982.6621 D Phantom Stock Units 2017-03-01 4 A 0 104.1463 0.00 A Common Stock 104.1463 22294.2597 D Performance Units ("PUs") received in connection with the spinoff and converted from Conagra performance units held by the Reporting Person as of the spinoff. These additional PUs were accrued through a dividend reinvestment feature. PUs vest at the fiscal year end of 2017, plus accrued dividends. Each phantom stock unit is the economic equivalent of one share of common stock. The phantom stock units become payable in common stock at the election of the reporting person, upon the reporting person's termination of service as an officer. These phantom stock units were accrued through a dividend reinvestment feature. /s/ Eryk J. Spytek, as Attorney-in-Fact 2017-03-03