Statement of Changes in Beneficial Ownership (4)
October 18 2019 - 4:26PM
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).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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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
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Deboer Scott J |
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, Technology Development
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(Last)
(First)
(Middle)
8000 S. FEDERAL WAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/16/2019
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(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
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10/16/2019
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F
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3694 (1)
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D
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$46.46
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103128
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D
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Common Stock
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10/16/2019
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A
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40357 (2)
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A
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$0
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143485
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D
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Common Stock
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10/16/2019
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M
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56586 (4)
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A
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$0
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200071
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D
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Common Stock
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10/16/2019
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F
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23485 (3)
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D
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$46.46
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176586
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D
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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)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code (Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)
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8. Price of Derivative Security (Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Performance Restricted Stock Units
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$0
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10/16/2019
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A
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16070
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(7)
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(7)
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Common Stock
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16070 (7)
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$0
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16070
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D
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Performance Restricted Stock Units
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$0
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10/16/2019
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A
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20179
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(5)
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(5)
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Common Stock
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20179 (5)
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$0
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20179
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D
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Performance Restricted Stock Units
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$0
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10/16/2019
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M
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28293
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(6)
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(6)
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Common Stock
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56586 (4)
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$0
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0
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D
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Explanation of Responses:
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(1)
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Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock awarded under the Issuer's 2004 Equity Incentive Plan.
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(2)
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Restricted Stock Awards vest in 33 1/3% increments annually beginning on the anniversary of the grant.
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(3)
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Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of performance restricted stock awarded under the Issuer's 2004 Equity Incentive Plan.
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(4)
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The Compensation Committee certified achievement of the pre-established performance goals at a level resulting in a vest of 200% of target shares. As reported at grant, the performance-based restricted stock unit could result in a payout of 0% to 200% based on actual achievement of the goals.
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(5)
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Each performance-based restricted stock unit represents the right to receive, following vesting, between 0% and 200% of one share of common stock based upon the achievement of pre-established performance metrics related to NAND delivery and solutions over a 3-year period beginning August 30, 2019 and ending on September 1, 2022, and certification of such performance by the Compensation Committee following the conclusion of the performance period.
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(6)
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Each performance-based restricted stock unit represents the right to receive, following vesting, between 0% and 200% of one share of common stock based upon the achievement of pre-established performance metrics related to relative TSR and ROA over a 3-year performance period beginning September 2, 2016 and ending on August 29, 2019, and certification of such performance by the Compensation Committee following the conclusion of the performance period.
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(7)
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Each performance-based restricted stock unit represents the right to receive, following vesting, between 0% and 200% of one share of common stock based upon the achievement of pre-established performance metrics related to relative total shareholder return over a 3-year period beginning August 30, 2019 and ending on September 1, 2022, and certification of such performance by the Compensation Committee following the conclusion of the performance period.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Deboer Scott J 8000 S. FEDERAL WAY BOISE, ID 83716
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EVP, Technology Development
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Signatures
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Rachel Southorn, Attorney-in-fact
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10/18/2019
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**Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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