MICRON TECHNOLOGY INC — Director's Dealing 2011

Feb 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICRON TECHNOLOGY INC (MU)
CIK: 0000723125
Period of Report: 2011-02-15

Reporting Person: Shields Brian (VP Worldwide Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-12	Common Stock	M	1416	—	Acquired	1416	Indirect
2010-11-12	Common Stock	F	485	$7.85	Disposed	1375	Indirect
2011-02-15	Common Stock	S	1375	$11.62	Disposed	0	Indirect
2011-02-15	Common Stock	M	8000	$2.07	Acquired	8000	Indirect
2011-02-15	Common Stock	S	8000	$11.62	Disposed	0	Indirect
2011-02-15	Common Stock	M	250	$5.75	Acquired	250	Indirect
2011-02-15	Common Stock	S	250	$11.62	Disposed	0	Indirect
2011-02-15	Common Stock	M	3750	$10.13	Acquired	3750	Indirect
2011-02-15	Common Stock	S	3750	$11.62	Disposed	0	Indirect
2011-02-15	Common Stock	M	6750	$6.09	Acquired	6750	Indirect
2011-02-15	Common Stock	S	6750	$11.62	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-12	Restricted Stock Unit	$0	M	1416	Disposed	2010-11-12	Common Stock (1416)	Indirect
2011-01-21	Restricted Stock Unit	$0	A	5000	Acquired	2015-01-21	Common Stock (5000)	Indirect
2011-02-15	Non-Qualified Stock Option	$2.07	M	8000	Disposed	2014-12-11	Common Stock (8000)	Indirect
2011-02-15	Non-Qualified Stock Option	$5.75	M	250	Disposed	2015-07-20	Common Stock (250)	Indirect
2011-02-15	Non-Qualified Stock Option	$10.13	M	3750	Disposed	2016-01-18	Common Stock (3750)	Indirect
2011-02-15	Non-Qualified Stock Option	$6.09	M	6750	Disposed	2014-01-14	Common Stock (6750)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	360185	Direct

Footnotes

F1: Not Applicable - grant of restricted stock units

F2: Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock awarded under the Issuer's 2007 Equity Incentive Plan.

F3: Indirect holdings by spouse as a result of marriage effective May 9, 2008.

F4: Eash restricted stock unit is convertible to one share of Common Stock at vest

F5: Restricted Stock Units vest in 25% increments annually on anniversary date of grant