Sanjay Mehrotra - 16 Oct 2021 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role
CEO and President, Director
Signature
Rob Beard, Attorney-in-fact
Issuer symbol
MU
Transactions as of
16 Oct 2021
Net transactions value
-$8,956,230
Form type
4
Filing time
19 Oct 2021, 18:33:23 UTC
Previous filing
15 Oct 2021
Next filing
14 Dec 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 +66,213 +7.9% $0.000000 907,993 16 Oct 2021 Direct F1
transaction MU Common Stock Options Exercise $0 +26,586 +2.9% $0.000000 934,579 16 Oct 2021 Direct F2
transaction MU Common Stock Options Exercise $0 +18,989 +2% $0.000000 953,568 16 Oct 2021 Direct F3
transaction MU Common Stock Tax liability $1,585,133 -23,421 -2.5% $67.68 930,147 16 Oct 2021 Direct F4
transaction MU Common Stock Tax liability $849,858 -12,557 -1.4% $67.68 917,590 16 Oct 2021 Direct F4
transaction MU Common Stock Tax liability $607,022 -8,969 -0.98% $67.68 908,621 16 Oct 2021 Direct F4
transaction MU Common Stock Tax liability $2,116,557 -31,273 -3.4% $67.68 877,348 16 Oct 2021 Direct F4
transaction MU Common Stock Tax liability $1,805,635 -26,679 -3% $67.68 850,669 16 Oct 2021 Direct F4
transaction MU Common Stock Tax liability $1,992,025 -29,433 -3.5% $67.68 821,236 16 Oct 2021 Direct F5
holding MU Common Stock 90,354 16 Oct 2021 GRAT 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 -28,342 -100% $0.000000* 0 16 Oct 2021 Common Stock 18,989 $0.000000 Direct F3, F7
transaction MU Performance Restricted Stock Units Options Exercise $0 -13,293 -100% $0.000000* 0 16 Oct 2021 Common Stock 26,586 $0.000000 Direct F2, F8
transaction MU Performance Restricted Stock Units Options Exercise $0 -24,799 -100% $0.000000* 0 16 Oct 2021 Common Stock 66,213 $0.000000 Direct F1, 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 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.