FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
WALLACE RICHARD P
  2. Issuer Name and Ticker or Trading Symbol
KLA CORP [KLAC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
ONE TECHNOLOGY DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2021
(Street)

MILPITAS, CA 95035
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock - Restricted Stock Units (1) 08/05/2021   A   17,298 (2) A $ 0 179,728 (3) D  
Common Stock - Restricted Stock Units (1) 08/05/2021   A   55,453 (4) A $ 0 235,181 (3) D  
Common Stock - Restricted Stock Units (1) 08/05/2021   M   27,727 (5) D $ 0 207,454 (3) D  
Common Stock - Restricted Stock Units (6) 08/05/2021   J   7,365 (7) D $ 0 200,089 (3) D  
Common Stock 08/05/2021   M   27,727 (5) A $ 0 109,420 D  
Common Stock 08/05/2021   F   13,748 (8) D $ 353.71 95,672 D  
Common Stock               9,182 I By Trust (9)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WALLACE RICHARD P
ONE TECHNOLOGY DRIVE
MILPITAS, CA 95035
  X     President and CEO  

Signatures

 /s/ Jeffrey Cannon as attorney-in-fact for Richard P. Wallace   08/09/2021
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Each RSU represents a contingent right to receive one share of KLA common stock.
(2) On August 5, 2021, the Reporting Person received a grant of RSUs. The RSUs vest 25% annually from the date of grant.
(3) Does not include performance-based RSUs, if any, held by the Reporting Person for which an assessment has not yet been made regarding the achievement of the applicable performance goals. Any such holdings will be reported on a Form 4 within two business days of the date such assessment is made.
(4) On August 2, 2018, in addition to the RSUs granted on that date that were subject only to service-vesting requirements (which RSUs were previously reported on a Form 4), the Reporting Person was alsogranted RSUs covering up to a maximum of 62,074 shares (based on 150% of the target shares of 41,383) of KLA common stock, subject to both performance-vesting and service-vesting requirements. On August5, 2021, KLA's Board of Directors determined the level at which the corporate performance goals were attained and, based on the assessment, determined that the number of shares subject to the RSUs is 55,453.
(5) The Reporting Person vested fifty percent (50%) of the performance-based RSUs upon the date on which the KLA's Board of Directors determined the level at which the underlying performance goals were attained (August 5, 2021) and will vest in the remaining fifty percent (50%) upon his completion of four years of service following the award (August 2, 2022). The shares of common stock will be issued as the performance-based RSUs vest.
(6) Each RSU represents a contingent right to receive one share of KLA-Tencor common stock.
(7) Reflects the forfeiture of 7,365 shares underlying the award granted to the Reporting Person on April 11, 2019 to comply with the terms of KLA's 2004 Equity Incentive Plan. The underlying shares forfeited were forfeited from the shares that are scheduled to vest on April 11, 2025.
(8) Pursuant to the terms of the grant, shares of KLA common stock were automatically withheld at vesting to cover required tax withholding. The fair market value of KLA common stock used for purposes ofcalculating the number of shares to be withheld was the closing price of KLA common stock as reported on August 5, 2021.
(9) Shares held under the Wallace Living Trust u/a/d 03/27/01, as amended, a trust of which the Reporting Person is a trustee and beneficiary.

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