MICRON TECHNOLOGY INC — Director's Dealing 2019

Oct 18, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICRON TECHNOLOGY INC (MU)
CIK: 0000723125
Period of Report: 2019-10-16

Reporting Person: Poppen Joel L (SVP, Legal Affairs, General, Counsel & Corporate Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-16	Common Stock	F	1847	$46.46	Disposed	244204	Direct
2019-10-16	Common Stock	A	19372	—	Acquired	263576	Direct
2019-10-16	Common Stock	M	45410	—	Acquired	308986	Direct
2019-10-16	Common Stock	F	20118	$46.46	Disposed	288868	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-16	Performance Restricted Stock Unit	$0	A	7713	Acquired		Common Stock (7713)	Direct
2019-10-16	Performance Restricted Stock Unit	$0	A	9686	Acquired		Common Stock (9686)	Direct
2019-10-16	Performance Restricted Stock Unit	$0	M	22705	Disposed		Common Stock (45410)	Direct

Footnotes

F1: 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.

F2: Restricted Stock Awards vest in 33 1/3% increments annually on beginning on the anniversary of the grant.

F3: 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 total shareholder return over a 3-year period beginning August 30, 2019 and ending on September 1, 2022, and certification of such performance by the Compensation Committee following the conclusion of the performance period.

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 NAND delivery and solutions over a 3-year period beginning August 30, 2019 and ending on September 1, 2022, and certification of such performance by the Compensation Committee following the conclusion of the performance period.

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 relative TSR and ROA over a 3-year performance period beginning September 2, 2016 and ending on August 29, 2019, and certification of such performance by the Compensation Committee following the conclusion of the performance period.

F6: 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.

F7: Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of performance restricted stock units awarded under the Issuer's 2004 Equity Incentive Plan.