SEC Form 4 · accession 0000723125-18-000116
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 16, 2018
Accepted (ET)
Oct 18, 2018 · 4:42 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 16, 2018 | A | 35,427 | $0.00 | A | 150,479 | D | |
| Common StockF2 | Oct 16, 2018 | M | 51,362 | $0.00 | A | 201,841 | D | |
| Common StockF3 | Oct 16, 2018 | F | 23,769 | $42.34 | D | 178,072 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock UnitF4,F5 | $0.00 | Oct 16, 2018 | M | 25,681 | D | — | — | Common Stock | 51,326 | 0 | D |
| Performance Restricted Stock UnitF6 | $0.00 | Oct 16, 2018 | A | 33,218 | A | — | — | Common Stock | 33,218 | 33,218 | D |
Explanation of responses
- F1Restricted Stock Awards vest in 33 1/3% increments annually on the anniversary of the grant.
- F2Shares from the vest of performance-based restricted stock unit.
- F3Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of perforamnce-based restricted stock units awarded under the Issuer's 2004 Equity Incentive Plan.
- 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.
- F5The 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.
- F6Each 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 performance over a 3-year period beginning August 30, 2018 and ending on September 2, 2021, and certification of such performance by the Compensation Committee following the conclusion of the performance period.