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MICRON TECHNOLOGY INC — Director's Dealing 2021
Oct 20, 2021
29796_dirs_2021-10-19_3d93944c-09ac-428f-94f0-5522d1fec82a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MICRON TECHNOLOGY INC (MU)
CIK: 0000723125
Period of Report: 2021-10-16
Reporting Person: MEHROTRA SANJAY (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-10-16 | Common Stock | M | 66213.00 | $0.00 | Acquired | 907993.00 | Direct |
| 2021-10-16 | Common Stock | M | 26586.00 | $0.00 | Acquired | 934579.00 | Direct |
| 2021-10-16 | Common Stock | M | 18989.00 | $0.00 | Acquired | 953568.00 | Direct |
| 2021-10-16 | Common Stock | F | 23421.00 | $67.68 | Disposed | 930147.00 | Direct |
| 2021-10-16 | Common Stock | F | 12557.00 | $67.68 | Disposed | 917590.00 | Direct |
| 2021-10-16 | Common Stock | F | 8969.00 | $67.68 | Disposed | 908621.00 | Direct |
| 2021-10-16 | Common Stock | F | 31273.00 | $67.68 | Disposed | 877348.00 | Direct |
| 2021-10-16 | Common Stock | F | 26679.00 | $67.68 | Disposed | 850669.00 | Direct |
| 2021-10-16 | Common Stock | F | 29433.00 | $67.68 | Disposed | 821236.00 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-10-16 | Performance Restricted Stock Units | $0.00 | M | 28342.00 | Disposed | Common Stock (18989.00) | Direct | |
| 2021-10-16 | Performance Restricted Stock Units | $0.00 | M | 13293.00 | Disposed | Common Stock (26586.00) | Direct | |
| 2021-10-16 | Performance Restricted Stock Units | $0.00 | M | 24799.00 | Disposed | Common Stock (66213.00) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 90354.00 | Indirect |
Footnotes
F1: The Compensation Committee certified achievement of the pre-established performance goals at a level resulting in a vest of 100% of the total target shares under the NAND delivery and solutions performance-based restricted stock units previously awarded on October 16, 2018. As reported at grant, the performance-based restricted stock unit could result in a payout that varies from 0% to an aggregate of 200% of target shares under all related awards based on actual achievement of the goals.
F2: The Compensation Committee certified achievement of the pre-established performance goals at a level resulting in a vest of 100% of the total target shares under the PE Ratio performance-based restricted stock units previously awarded on October 16, 2018. As reported at grant, the performance-based restricted stock unit could result in a payout that varies from 0% to an aggregate of 200% of target shares under all related awards based on actual achievement of the goals.
F3: The Compensation Committee certified achievement of the pre-established performance goals at a level resulting in a vest of 67% of the total target shares under the FCF performance-based restricted stock units previously awarded on October 16, 2018. As reported at grant, the performance-based restricted stock unit could result in a payout that varies from 0% to an aggregate of 200% of target shares under all related awards based on actual achievement of the goals.
F4: Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of awards under the Issuer's 2004 Equity Incentive Plan.
F5: Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of awards under the Issuer's 2007 Equity Incentive Plan.
F6: Grantor retained annuity trust for the benefit of the reporting person and his family.
F7: Each performance-based restricted stock unit represents the right to receive, following vesting, shares of common stock based upon the achievement of pre-established performance metrics related to FCF over a 3-year performance period beginning August 31, 2018 and ending on September 2, 2021 (payout is from 0% up to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 16, 2018), and certification of such performance by the Compensation Committee.
F8: Each performance-based restricted stock unit represents the right to receive, following vesting, shares of common stock based upon the achievement of pre-established performance metrics related to PE Ratio over a 3-year performance period beginning August 31, 2018 and ending on September 2, 2021 (payout is from 0% up to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 16, 2018), and certification of such performance by the Compensation Committee.
F9: Each performance-based restricted stock unit represents the right to receive, following vesting, shares of common stock based upon the achievement of pre-established performance metrics related to NAND delivery and solutions over a 3-year performance period beginning August 31, 2018 and ending on September 2, 2021 (payout is from 0% up to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 16, 2018), and certification of such performance by the Compensation Committee.