SEC Form 4 · accession 0000723125-15-000092
MICRON TECHNOLOGY INC · MU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dermot Mark Durcan
Officer — Chief Executive Officer · Director
Period of report
Oct 14, 2015
Accepted (ET)
Oct 16, 2015 · 5:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000723125
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 14, 2015 | A | 123,762 | $0.00 | A | 1,781,454 | D | |
| Common StockF2 | Oct 16, 2015 | F | 74,352 | $18.66 | D | 1,707,102 | D | |
| Common Stock | holding | — | — | — | 284,653 | I | C&E Partners L.P. | |
| Common Stock | holding | — | — | — | 3,101 | I | Held by Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock OptionF3 | $18.18 | Oct 14, 2015 | A | 155,268 | A | Oct 14, 2016 | Oct 14, 2023 | Common Stock | 155,268 | 155,268 | D |
| Performance Restricted Stock UnitF4 | $0.00 | Oct 14, 2015 | A | 72,793 | A | — | — | Common Stock | 72,793 | 72,793 | D |
Explanation of responses
- F1Restricted Stock Awards vest in 25% increments annually on the anniversary of the grant.
- F2Withholding 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.
- F3Non-qualifed Stock Options vest in 25% increments annually on the anniversary of the grant.
- F4Each 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 4, 2015 and ending on August 30, 2018, and certification of such performance by the Compensation Committee following the conclusion of the performance period.