SEC Form 4 · accession 0000723125-16-000245
MICRON TECHNOLOGY INC · MU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott J Deboer
Officer — VP Technology Development
Period of report
Oct 19, 2016
Accepted (ET)
Oct 21, 2016 · 5:15 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 | 51,694 | $0.00 | A | 213,638 | D | |
| Common StockF2 | Oct 20, 2016 | F | 3,406 | $17.22 | D | 210,232 | 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 OptionF3 | $17.41 | Oct 19, 2016 | A | 65,280 | A | Oct 19, 2017 | Oct 19, 2024 | Common Stock | 65,280 | 65,280 | D |
| Performance Restricted Stock UnitF4 | $0.00 | Oct 19, 2016 | A | 28,293 | A | — | — | Common Stock | 28,293 | 28,293 | 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 2, 2016 and ending on August 29, 2019, and certification of such performance by the Compensation Committee following the conclusion of the performance period.