MICRON TECHNOLOGY INC — Director's Dealing 2019

Dec 26, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICRON TECHNOLOGY INC (MU)
CIK: 0000723125
Period of Report: 2019-12-23

Reporting Person: Deboer Scott J (EVP, Technology Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-23	Common Stock	M	13694	$18.18	Acquired	162062	Direct
2019-12-23	Common Stock	S	13694	$56.00	Disposed	148368	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-23	Non-qualified Stock Option	$18.18	M	13694	Disposed	2023-10-14	Common Stock (13694)	Direct
2019-12-23	Performance Restricted Stock Unit	$0	F	926	Disposed		Common Stock (926)	Direct

Footnotes

F1: The options vest in equal increments on October 14, 2016, 2017, 2018, and 2019.

F2: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 31, 2019.

F3: Performance-based restricted stock units withheld for employment tax (and related income tax) obligations upon a portion of the grant being earned by (but not yet payable to) the reporting person. Additional shares remain unvested.

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 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.