Statement of Changes in Beneficial Ownership (4)
October 19 2021 - 6:32PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Zinsner David |
2. Issuer Name and Ticker or Trading Symbol
MICRON TECHNOLOGY INC
[
MU
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP & Chief Financial Officer |
(Last)
(First)
(Middle)
8000 S. FEDERAL WAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/16/2021 |
(Street)
BOISE, ID 83716
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 10/16/2021 | | M | | 16554.00 (1) | A | $0.00 | 202760.00 | D | |
Common Stock | 10/16/2021 | | M | | 6647.00 (2) | A | $0.00 | 209407.00 | D | |
Common Stock | 10/16/2021 | | M | | 4747.00 (3) | A | $0.00 | 214154.00 | D | |
Common Stock | 10/16/2021 | | F | | 6641.00 (4) | D | $67.68 | 207513.00 | D | |
Common Stock | 10/16/2021 | | F | | 7425.00 (5) | D | $67.68 | 200088.00 | D | |
Common Stock | 10/16/2021 | | F | | 2086.00 (4) | D | $67.68 | 198002.00 | D | |
Common Stock | 10/16/2021 | | F | | 5465.00 (4) | D | $67.68 | 192537.00 | D | |
Common Stock | 10/16/2021 | | F | | 2920.00 (4) | D | $67.68 | 189617.00 | D | |
Common Stock | 10/16/2021 | | F | | 7272.00 (4) | D | $67.68 | 182345.00 | D | |
Common Stock | | | | | | | | 40819.00 | I | See footnote. (6) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Performance Restricted Stock Units | $0.00 | 10/16/2021 | | M | | | 6200.00 | (7) | (7) | Common Stock | 16554.00 (1) | $0.00 | 0.00 | D | |
Performance Restricted Stock Units | $0.00 | 10/16/2021 | | M | | | 7085.00 | (8) | (8) | Common Stock | 4747.00 (3) | $0.00 | 0.00 | D | |
Performance Restricted Stock Units | $0.00 | 10/16/2021 | | M | | | 3324.00 | (9) | (9) | Common Stock | 6647.00 (2) | $0.00 | 0.00 | D | |
Explanation of Responses: |
(1) | 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. |
(2) | 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. |
(3) | 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. |
(4) | 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. |
(5) | 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. |
(6) | 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. |
(7) | 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. |
(8) | 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. |
(9) | 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. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Zinsner David 8000 S. FEDERAL WAY BOISE, ID 83716 |
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| EVP & Chief Financial Officer |
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Signatures
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Rob Beard, Attorney-in-fact | | 10/19/2021 |
**Signature of Reporting Person | Date |
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