Sumit Sadana - Oct 13, 2022 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role
EVP, Chief Business Officer
Signature
Rob Beard, Attorney-in-fact
Stock symbol
MU
Transactions as of
Oct 13, 2022
Transactions value $
-$3,905,850
Form type
4
Date filed
10/17/2022, 04:54 PM
Previous filing
Oct 11, 2022
Next filing
Apr 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MU Common Stock Award $0 +80.6K +47.99% $0.00 248K Oct 13, 2022 Direct F1
transaction MU Common Stock Options Exercise $0 +49.5K +19.92% $0.00 298K Oct 13, 2022 Direct F2
transaction MU Common Stock Tax liability -$1.23M -23.4K -7.84% $52.75 275K Oct 13, 2022 Direct F3
transaction MU Common Stock Options Exercise $0 +1.31K +0.48% $0.00 276K Oct 13, 2022 Direct F2
transaction MU Common Stock Tax liability -$32.7K -620 -0.22% $52.75 275K Oct 13, 2022 Direct F3
transaction MU Common Stock Options Exercise $0 +31.3K +11.37% $0.00 307K Oct 13, 2022 Direct F4
transaction MU Common Stock Tax liability -$857K -16.2K -5.3% $52.75 290K Oct 13, 2022 Direct F3
transaction MU Common Stock Options Exercise $0 +12.2K +4.19% $0.00 302K Oct 13, 2022 Direct F5
transaction MU Common Stock Tax liability -$333K -6.32K -2.09% $52.75 296K Oct 13, 2022 Direct F3
transaction MU Common Stock Tax liability -$389K -7.38K -2.49% $52.75 289K Oct 13, 2022 Direct F3
transaction MU Common Stock Tax liability -$516K -9.78K -3.39% $52.72 279K Oct 16, 2022 Direct F3
transaction MU Common Stock Tax liability -$545K -10.3K -3.71% $52.72 269K Oct 16, 2022 Direct F3
holding MU Common Stock 32.5K Oct 13, 2022 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 -14.1K -100% $0.00* 0 Oct 13, 2022 Common Stock 49.5K $0.00 Direct F2, F7
transaction MU Performance Restricted Stock Units Options Exercise $0 -11.3K -100% $0.00* 0 Oct 13, 2022 Common Stock 1.31K $0.00 Direct F2, F8
transaction MU Performance Restricted Stock Units Options Exercise $0 -15.6K -50% $0.00 15.6K Oct 13, 2022 Common Stock 31.3K $0.00 Direct F4, F9
transaction MU Performance Restricted Stock Units Options Exercise $0 -13.2K -50% $0.00 13.2K Oct 13, 2022 Common Stock 12.2K $0.00 Direct F5, F10
transaction MU Performance Restricted Stock Units Award $0 +31.8K $0.00 31.8K Oct 13, 2022 Common Stock 31.8K $0.00 Direct F11
transaction MU Performance Restricted Stock Units Award $0 +20.1K $0.00 20.1K Oct 13, 2022 Common Stock 20.1K $0.00 Direct F12
transaction MU Performance Restricted Stock Units Award $0 +20.1K $0.00 20.1K Oct 13, 2022 Common Stock 20.1K $0.00 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Award vests 33 1/3% on October 15, 2023, and 1/12 of the total restricted stock award vests quarterly thereafter.
F10 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 goals related to relative total shareholder return over a 3-year performance period beginning September 4, 2020 and ending August 31, 2023 (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, 2020), and certification of such performance by the Compensation Committee.
F11 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 goals related to relative total shareholder return over a 3-year period beginning September 2, 2022 and ending August 28, 2025 (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, 2022), and certification of such performance by the Compensation Committee.
F12 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 goals related to NAND delivery and solutions over a 3-year period beginning September 2, 2022 and ending August 28, 2025 (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, 2022), and certification of such performance by the Compensation Committee.
F13 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 goals related to DRAM revenue over a 3-year period beginning September 2, 2022 and ending August 28, 2025 (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, 2022), and certification of such performance by the Compensation Committee.
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 Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously granted awards.
F4 The Compensation Committee certified achievement of pre-established performance goals related to NAND delivery and solutions 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, 2020. 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.
F5 The Compensation Committee certified achievement of pre-established performance goals related to relative total shareholder return at a level resulting in a vest of 46% of the total target shares under the performance-based restricted stock units previously awarded on October 16, 2020. 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.
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, a percentage of one share of common stock based upon the achievement of pre-established performance goals related to NAND delivery and solutions over a 3-year performance period beginning August 30, 2019 and ending 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.
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 goals related to relative total shareholder return over a 3-year performance period beginning August 30, 2019 and ending 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 goals related to NAND delivery and solutions over a 3-year performance period beginning September 4, 2020 and ending August 31, 2023 (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, 2020), and certification of such performance by the Compensation Committee.