MICRON TECHNOLOGY INC — Director's Dealing 2018

Oct 18, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICRON TECHNOLOGY INC (MU)
CIK: 0000723125
Period of Report: 2018-10-16

Reporting Person: ARNZEN APRIL S (SVP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-10-16	Common Stock	A	15352	—	Acquired	70202	Direct
2018-10-16	Common Stock	M	29118	—	Acquired	99320	Direct
2018-10-16	Common Stock	F	11384	$42.34	Disposed	87936	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-10-16	Performance Restricted Stock Unit	$0	M	14559	Disposed		Common Stock (29118)	Direct
2018-10-16	Performance Restricted Stock Unit	$0	A	14394	Acquired		Common Stock (14394)	Direct

Footnotes

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

F2: Shares from the vest of performance-based restricted stock unit.

F3: Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of performance-based restricted stock units awarded under the Issuer's 2004 Equity Incentive Plan.

F4: 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 relative TSR and ROA over a 3-year performance period beginning September 4, 2015 and ending on August 30, 2018, and certification of such performance by the Compensation Committee following the conclusion of the performance period.

F5: The Compensation Committee certified achievement of the pre-established performance goals at a level resulting in a vest of 200% of target shares. As reported at grant, the performance-based restricted stock unit could result in a payout of 0% to 200% based on actual achievement of the goals.

F6: 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 performance over a 3-year period beginning August 30, 2018 and ending on September 2, 2021, and certification of such performance by the Compensation Committee following the conclusion of the performance period.