MICRON TECHNOLOGY INC — Director's Dealing 2021

Oct 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MICRON TECHNOLOGY INC (MU)
CIK: 0000723125
Period of Report: 2021-10-13

Reporting Person: MEHROTRA SANJAY (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-13	Common Stock	M	135114.00	$0.00	Acquired	727598.00	Direct
2021-10-13	Common Stock	A	176109.00	$0.00	Acquired	903707.00	Direct
2021-10-13	Common Stock	M	3578.00	$0.00	Acquired	907285.00	Direct
2021-10-13	Common Stock	F	1690.00	$66.72	Disposed	905595.00	Direct
2021-10-13	Common Stock	F	63815.00	$66.72	Disposed	841780.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-13	Performance Restricted Stock Units	$0.00	A	73946.00	Acquired		Common Stock (73946.00)	Direct
2021-10-13	Performance Restricted Stock Units	$0.00	A	44027.00	Acquired		Common Stock (44027.00)	Direct
2021-10-13	Performance Restricted Stock Units	$0.00	A	44027.00	Acquired		Common Stock (44027.00)	Direct
2021-10-13	Performance Restricted Stock Units	$0.00	M	38604.00	Disposed		Common Stock (135114.00)	Direct
2021-10-13	Performance Restricted Stock Units	$0.00	M	30769.00	Disposed		Common Stock (3578.00)	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 performance-based restricted stock units previously awarded on October 16, 2019. As reported at grant, the performance-based restricted stock unit could result in a payout that varies based on actual achievement of the goals, subject to a 200% aggregate limit on the payout of target shares.

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

F3: 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.

F4: Grantor retained annuity trust for the benefit of the reporting person and his family.

F5: Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock which percentage varies based upon the achievement of pre-established performance metrics related to relative total shareholder return over a 3-year period beginning September 3, 2021 and ending on August 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 13, 2021), and certification of such performance by the Compensation Committee.

F6: Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock which percentage varies based upon the achievement of pre-established performance metrics related to Data Center NAND delivery and solutions over a 3-year period beginning September 3, 2021 and ending on August 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 13, 2021), and certification of such performance by the Compensation Committee.

F7: Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock which percentage varies based upon the achievement of pre-established performance metrics related to High Value NAND delivery and solutions over a 3-year period beginning September 3, 2021 and ending on August 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 13, 2021), and certification of such performance by the Compensation Committee.

F8: Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock based upon the achievement of pre-established performance metrics related to NAND over a 3-year performance period beginning August 30, 2019 and ending on September 1, 2022 (subject 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, 2019), and certification of such performance by the Compensation Committee.

F9: Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage 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 performance period beginning August 30, 2019 and ending on September 1, 2022 (subject 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, 2019), and certification of such performance by the Compensation Committee.