MICRON TECHNOLOGY INC — Director's Dealing 2011

Oct 13, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICRON TECHNOLOGY INC (MU)
CIK: 0000723125
Period of Report: 2011-10-11

Reporting Person: Shields Brian (VP Worldwide Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-11	Common Stock	F	3083	$5.16	Disposed	344348	Direct
2011-10-11	Common Stock	A	53000	—	Acquired	397348	Direct
2011-10-11	Common Stock	A	67000	—	Acquired	464348	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-11	Non-Qualified Stock Option	$5.16	J	190000	Acquired	2017-10-11	Common Stock (190000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	164	Indirect

Footnotes

F1: Restricted Stock Awards vest in 25% increments annually on anniversary date of grant.

F2: Not Applicable - grant of restricted stock

F3: The vesting of restricted shares is subject to achievement of certain performance criteria. In the event that the performance criteria are not met, the restricted shares will be forfeited.

F4: Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock awarded under the Issuer's 2004 Equity Incentive Plan.

F5: Stock Options vest in 25% increments annually on anniversary date of grant.