David Zinsner - Oct 16, 2021 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role
EVP & Chief Financial Officer
Signature
Rob Beard, Attorney-in-fact
Stock symbol
MU
Transactions as of
Oct 16, 2021
Transactions value $
-$2,152,833
Form type
4
Date filed
10/19/2021, 06:31 PM
Previous filing
Oct 15, 2021
Next filing
Jan 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MU Common Stock Options Exercise $0 +16.6K +8.89% $0.00 203K Oct 16, 2021 Direct F1
transaction MU Common Stock Options Exercise $0 +6.65K +3.28% $0.00 209K Oct 16, 2021 Direct F2
transaction MU Common Stock Options Exercise $0 +4.75K +2.27% $0.00 214K Oct 16, 2021 Direct F3
transaction MU Common Stock Tax liability -$449K -6.64K -3.1% $67.68 208K Oct 16, 2021 Direct F4
transaction MU Common Stock Tax liability -$503K -7.43K -3.58% $67.68 200K Oct 16, 2021 Direct F5
transaction MU Common Stock Tax liability -$141K -2.09K -1.04% $67.68 198K Oct 16, 2021 Direct F4
transaction MU Common Stock Tax liability -$370K -5.47K -2.76% $67.68 193K Oct 16, 2021 Direct F4
transaction MU Common Stock Tax liability -$198K -2.92K -1.52% $67.68 190K Oct 16, 2021 Direct F4
transaction MU Common Stock Tax liability -$492K -7.27K -3.84% $67.68 182K Oct 16, 2021 Direct F4
holding MU Common Stock 40.8K Oct 16, 2021 See footnote. F6

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 -6.2K -100% $0.00* 0 Oct 16, 2021 Common Stock 16.6K $0.00 Direct F1, F7
transaction MU Performance Restricted Stock Units Options Exercise $0 -7.09K -100% $0.00* 0 Oct 16, 2021 Common Stock 4.75K $0.00 Direct F3, F8
transaction MU Performance Restricted Stock Units Options Exercise $0 -3.32K -100% $0.00* 0 Oct 16, 2021 Common Stock 6.65K $0.00 Direct F2, F9
* 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 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 Shares held in a Trust for the benefit of the reporting person and his family, with the reporting person as a co-trustee with his spouse.
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 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.
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 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.
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 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.