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

Reporting relationship: EVP & Chief Financial Officer
Issuer ticker: MU
Reported as of: 16 Oct 2021
Net transaction value: -$2,152,833
SEC form: 4
Accepted by SEC: 19 Oct 2021, 18:31:26 UTC
Prior SEC filing: 15 Oct 2021
Next SEC filing: 21 Jan 2022
Source filing: View source filing
Reporting owner signature: Rob Beard, Attorney-in-fact

Key filing fact

David Zinsner filed Form 4 for MICRON TECHNOLOGY INC (MU) on 19 Oct 2021.

Key facts

This page summarizes David Zinsner's Form 4 filing for MICRON TECHNOLOGY INC (MU).
12 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 19 Oct 2021, 18:31.

Change

Previous filing in this sequence was filed on 15 Oct 2021.
Current net transaction value: -$2,152,833.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MU transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +16,554
Change %: +8.9%
Price: $0.000000
Shares after: 202,760
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F1

MU transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +6,647
Change %: +3.3%
Price: $0.000000
Shares after: 209,407
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F2

MU transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +4,747
Change %: +2.3%
Price: $0.000000
Shares after: 214,154
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F3

MU transaction

Common Stock

Tax liability

Transaction value: $449,463
Shares: -6,641
Change %: -3.1%
Price: $67.68
Shares after: 207,513
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F4

MU transaction

Common Stock

Tax liability

Transaction value: $502,524
Shares: -7,425
Change %: -3.6%
Price: $67.68
Shares after: 200,088
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F5

MU transaction

Common Stock

Tax liability

Transaction value: $141,180
Shares: -2,086
Change %: -1%
Price: $67.68
Shares after: 198,002
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F4

MU transaction

Common Stock

Tax liability

Transaction value: $369,871
Shares: -5,465
Change %: -2.8%
Price: $67.68
Shares after: 192,537
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F4

MU transaction

Common Stock

Tax liability

Transaction value: $197,626
Shares: -2,920
Change %: -1.5%
Price: $67.68
Shares after: 189,617
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F4

MU transaction

Common Stock

Tax liability

Transaction value: $492,169
Shares: -7,272
Change %: -3.8%
Price: $67.68
Shares after: 182,345
Date: 16 Oct 2021
Ownership: Direct
Footnotes: F4

MU holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 40,819
Date: 16 Oct 2021
Ownership: See footnote.
Footnotes: F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MU transaction Derivative

Performance Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -6,200
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 16,554
Exercise price: $0.000000
Footnotes: F1, F7

MU transaction Derivative

Performance Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -7,085
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,747
Exercise price: $0.000000
Footnotes: F3, F8

MU transaction Derivative

Performance Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -3,324
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 16 Oct 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,647
Exercise price: $0.000000
Footnotes: F2, F9

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.