SEC Form 4 · accession 0000723125-17-000136
MICRON TECHNOLOGY INC · MU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott J Deboer
Officer — EVP, Technology Development
Period of report
Oct 24, 2017
Accepted (ET)
Oct 26, 2017 · 5:19 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 24, 2017 | A | 27,069 | $0.00 | A | 116,330 | D | |
| Common StockF2 | Oct 24, 2017 | M | 7,452 | $0.00 | A | 123,782 | D | |
| Common StockF3 | Oct 24, 2017 | F | 3,678 | $41.56 | D | 120,104 | 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 OptionF4 | $41.56 | Oct 24, 2017 | A | 35,077 | A | Oct 24, 2018 | Oct 24, 2025 | Common Stock | 35,077 | 35,077 | D |
| Performance Restricted Stock UnitF2,F5 | $0.00 | Oct 19, 2016 | A | 16,195 | A | — | — | Common Stock | 16,195 | 16,195 | D |
| Performance Restricted Stock UnitF2,F6 | $0.00 | Oct 24, 2017 | M | 7,452 | A | — | — | Common Stock | 7,452 | 0 | D |
Explanation of responses
- F1Restricted Stock Awards vest in 33 1/3% increments annually on the anniversary of the grant.
- F2Not Applicable - Grant of restricted stock units.
- F3Withholding 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.
- F4Non-qualifed Stock Options vest in 25% increments annually on the anniversary of the grant.
- F5Each 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 new technology ramp and Company valuation over a 3-year performance period beginning September 1, 2017 and ending on September 3, 2020, and certification of such performance by the Compensation Committee following the conclusion of the performance period.
- F6Each performance-based restricted stock unit represented 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 ROA over a 3-year performance period beginning August 29, 2014 and ending on August 31, 2017, and certification of such performance by the Compensation Committee following the conclusion of the performance period.