MICRON TECHNOLOGY INC — Director's Dealing 2017

Oct 26, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICRON TECHNOLOGY INC (MU)
CIK: 0000723125
Period of Report: 2017-10-24

Reporting Person: Thorsen Steven L. JR (SVP, Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-24	Common Stock	A	19490	—	Acquired	183962	Direct
2017-10-24	Common Stock	M	7452	—	Acquired	191414	Direct
2017-10-24	Common Stock	F	3678	$41.56	Disposed	187736	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-10-24	Non-qualified Stock Option	$41.56	A	25255	Acquired	2025-10-24	Common Stock (25255)	Direct
2017-10-24	Performance Restricted Stock Unit	$0	A	11659	Acquired		Common Stock (11659)	Direct
2017-10-24	Performance Restricted Stock Units	$0	M	7452	Acquired		Common Stock (7452)	Direct

Footnotes

F1: Restricted Stock Awards vest in 33 1/3% increments annually on the anniversary of the grant.

F2: Not Applicable - Grant of restricted stock units.

F3: 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.

F4: Non-qualifed Stock Options vest in 25% increments annually on the anniversary of the grant.

F5: Each performance-based restricted stock unit represents the right to receive, following vesting, between 0% and 200% of one share of common stock based upon the achievement of pre-established performance metrics related to new technology ramp and Company valuation over a 3-year performance period beginning September 1, 2017 and ending on September 3, 2020, and certification of such performance by the Compensation Committee following the conclusion of the performance period.

F6: Each performance-based restricted stock unit represented the right to receive, following vesting, between 0% and 200% of one share of common stock based upon the achievement of pre-established performance metrics related to ROA over a 3-year performance period beginning August 29, 2014 and ending on August 31, 2017, and certification of such performance by the Compensation Committee following the conclusion of the performance period.