Scott J. Deboer - 13 Oct 2021 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role: EVP, Technology & Products
Signature: Rob Beard, Attorney-in-fact
Issuer symbol: MU
Transactions as of: 13 Oct 2021
Net transactions value: -$1,017,880
Form type: 4
Filing time: 18 Oct 2021, 06:01:01 UTC
Next filing: 19 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MU	Common Stock	Options Exercise	$0	+896	+0.65%	$0.000000	139,618	13 Oct 2021	Direct	F1
transaction	MU	Common Stock	Award	$0	+46,838	+34%	$0.000000	186,456	13 Oct 2021	Direct	F2
transaction	MU	Common Stock	Options Exercise	$0	+33,833	+18%	$0.000000	220,289	13 Oct 2021	Direct	F1
transaction	MU	Common Stock	Tax liability	$991,593	-14,862	-6.7%	$66.72	205,427	13 Oct 2021	Direct	F3
transaction	MU	Common Stock	Tax liability	$26,288	-394	-0.19%	$66.72	205,033	13 Oct 2021	Direct	F3

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	-7,704	-50%	$0.000000	7,705	13 Oct 2021	Common Stock	896	$0.000000	Direct	F1, F4
transaction	MU	Performance Restricted Stock Units	Options Exercise	$0	-9,666	-50%	$0.000000	9,667	13 Oct 2021	Common Stock	33,833	$0.000000	Direct	F1, F5
transaction	MU	Performance Restricted Stock Units	Award	$0	+19,666		$0.000000	19,666	13 Oct 2021	Common Stock	19,666	$0.000000	Direct	F6
transaction	MU	Performance Restricted Stock Units	Award	$0	+11,709		$0.000000	11,709	13 Oct 2021	Common Stock	11,709	$0.000000	Direct	F7
transaction	MU	Performance Restricted Stock Units	Award	$0	+11,709		$0.000000	11,709	13 Oct 2021	Common Stock	11,709	$0.000000	Direct	F8

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

Explanation of Responses:

Id	Content
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	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.
F5	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.
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 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.
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 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.
F8	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.