Joel L. Poppen - Oct 13, 2021 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role: SVP, General Counsel&Secretary
Signature: Rob Beard, Attorney-in-fact
Stock symbol: MU
Transactions as of: Oct 13, 2021
Transactions value $: -$488,591
Form type: 4
Date filed: 10/18/2021, 06:00 AM
Previous filing: Oct 12, 2021
Next filing: Oct 19, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MU	Common Stock	Tax liability	-$476K	-7.13K	-2.83%	$66.72	245K	Oct 13, 2021	Direct	F1
transaction	MU	Common Stock	Tax liability	-$12.6K	-189	-0.08%	$66.72	245K	Oct 13, 2021	Direct	F1
transaction	MU	Common Stock	Options Exercise	$0	+16.2K	+6.63%	$0.00	261K	Oct 13, 2021	Direct	F2
transaction	MU	Common Stock	Options Exercise	$0	+429	+0.16%	$0.00	262K	Oct 13, 2021	Direct	F2
holding	MU	Common Stock						3.65K	Oct 13, 2021	Held Jointly with Spouse.

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MU	Performance Restricted Stock Units	Options Exercise	$0	-4.64K	-50%	$0.00	4.64K	Oct 13, 2021	Common Stock	16.2K	$0.00	Direct	F2, F3
transaction	MU	Performance Restricted Stock Units	Options Exercise	$0	-3.69K	-49.99%	$0.00	3.69K	Oct 13, 2021	Common Stock	429	$0.00	Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
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 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.
F3	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.
F4	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.