SEC Form 4 · accession 0000723125-18-000121
MICRON TECHNOLOGY INC · MU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sumit Sadana
Officer — EVP & Chief Business Officer
Period of report
Oct 16, 2018
Accepted (ET)
Oct 18, 2018 · 4:52 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 | 51,960 | $0.00 | A | 118,188 | 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 UnitF2 | $0.00 | Oct 16, 2018 | A | 48,718 | A | — | — | Common Stock | 48,718 | 48,718 | D |
Explanation of responses
- F1Restricted Stock Awards vest in 33 1/3% increments annually on the anniversary of the grant.
- F2Each 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.