SEC Form 4 · accession 0000723125-16-000241
MICRON TECHNOLOGY INC · MU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
April S Arnzen
Officer — VP, Human Resources
Period of report
Oct 19, 2016
Accepted (ET)
Oct 21, 2016 · 5:12 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 19, 2016 | A | 25,847 | $0.00 | A | 54,515 | D |
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 OptionF2 | $17.41 | Oct 19, 2016 | A | 32,640 | A | Oct 19, 2017 | Oct 19, 2024 | Common Stock | 32,640 | 32,640 | D |
| Performance Restricted Stock UnitF3 | $0.00 | Oct 19, 2016 | A | 14,147 | A | — | — | Common Stock | 14,147 | 14,147 | D |
Explanation of responses
- F1Restricted Stock Awards vest in 25% increments annually on the anniversary of the grant.
- F2Non-qualifed Stock Options vest in 25% increments annually on the anniversary of the grant.
- F3Each 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.