Lollipop Screen Recorder is a simple and easy to use screen recorder for devices running Android 5.0+

It uses official APIs added in Android Lollipop+ so it requires no rooting.

Videos are stored in an easy to find folder so you can use your favorite applications to view edit and share them.

Features:
• Use cameras as picture-in-picture
• Store recordings on SD card
• Record at full screen resolution
• Set resolution orientation and bitrate
• Recording start delay
• Stop recording on screen off
• Record audio

"... aptly named..." - Android Police :)

http://www.androidpolice.com/2014/11/06/lollipop-feature-spotlight-apps-can-now-capture-screen-recordings-without-root/