April S. Arnzen - 13 Oct 2022 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role: SVP, Chief People Officer
Signature: Rob Beard, Attorney-in-fact
Issuer symbol: MU
Transactions as of: 13 Oct 2022
Net transactions value: -$1,356,406
Form type: 4
Filing time: 17 Oct 2022, 16:55:50 UTC
Previous filing: 28 Mar 2022
Next filing: 01 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MU	Common Stock	Award	$0	+42,654	+48%	$0.000000	131,826	13 Oct 2022	Direct	F1
transaction	MU	Common Stock	Options Exercise	$0	+16,240	+12%	$0.000000	148,066	13 Oct 2022	Direct	F2
transaction	MU	Common Stock	Tax liability	$297,510	-5,640	-3.8%	$52.75	142,426	13 Oct 2022	Direct	F3
transaction	MU	Common Stock	Options Exercise	$0	+430	+0.3%	$0.000000	142,856	13 Oct 2022	Direct	F2
transaction	MU	Common Stock	Tax liability	$9,759	-185	-0.13%	$52.75	142,671	13 Oct 2022	Direct	F3
transaction	MU	Common Stock	Options Exercise	$0	+14,440	+10%	$0.000000	157,111	13 Oct 2022	Direct	F4
transaction	MU	Common Stock	Tax liability	$363,342	-6,888	-4.4%	$52.75	150,223	13 Oct 2022	Direct	F3
transaction	MU	Common Stock	Options Exercise	$0	+5,612	+3.7%	$0.000000	155,835	13 Oct 2022	Direct	F5
transaction	MU	Common Stock	Tax liability	$141,212	-2,677	-1.7%	$52.75	153,158	13 Oct 2022	Direct	F3
transaction	MU	Common Stock	Tax liability	$159,991	-3,033	-2%	$52.75	150,125	13 Oct 2022	Direct	F3
transaction	MU	Common Stock	Tax liability	$154,417	-2,929	-2%	$52.72	147,196	16 Oct 2022	Direct	F3
transaction	MU	Common Stock	Tax liability	$230,176	-4,366	-3%	$52.72	142,830	16 Oct 2022	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	-4,640	-100%	$0.000000^*	0	13 Oct 2022	Common Stock	16,240	$0.000000	Direct	F2, F6
transaction	MU	Performance Restricted Stock Units	Options Exercise	$0	-3,693	-100%	$0.000000^*	0	13 Oct 2022	Common Stock	430	$0.000000	Direct	F2, F7
transaction	MU	Performance Restricted Stock Units	Options Exercise	$0	-7,220	-50%	$0.000000	7,220	13 Oct 2022	Common Stock	14,440	$0.000000	Direct	F4, F8
transaction	MU	Performance Restricted Stock Units	Options Exercise	$0	-6,100	-50%	$0.000000	6,101	13 Oct 2022	Common Stock	5,612	$0.000000	Direct	F5, F9
transaction	MU	Performance Restricted Stock Units	Award	$0	+16,819		$0.000000	16,819	13 Oct 2022	Common Stock	16,819	$0.000000	Direct	F10
transaction	MU	Performance Restricted Stock Units	Award	$0	+10,664		$0.000000	10,664	13 Oct 2022	Common Stock	10,664	$0.000000	Direct	F11
transaction	MU	Performance Restricted Stock Units	Award	$0	+10,664		$0.000000	10,664	13 Oct 2022	Common Stock	10,664	$0.000000	Direct	F12

* 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 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.
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 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.
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 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	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.
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 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.
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 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.
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 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.