Form Type: 4

SEC EDGAR Link
Accession Number:0001562180-21-006483
Date:2021-10-13
Issuer: MICRON TECHNOLOGY INC (MU)
Original Submission Date:

Reporting Person:

BHATIA MANISH H
8000 S. FEDERAL WAY
BOISE, ID 83716

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-10-13 F 444 d $66.72 222,727 direct
COMMON STOCK 2021-10-13 F 14,691 d $66.72 208,036 direct
COMMON STOCK 2021-10-13 M 1,200 a $0.00 209,236 direct
COMMON STOCK 2021-10-13 A 59,952 a $0.00 269,188 direct
COMMON STOCK 2021-10-13 M 45,327 a $0.00 314,515 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PERFORMANCE RESTRICTED STOCK UNITS 0.0 2021-10-13 deemed execution date A 25,173 (a) common stock 25,173 $0.00 25,173 direct
PERFORMANCE RESTRICTED STOCK UNITS 0.0 2021-10-13 deemed execution date A 14,988 (a) common stock 14,988 $0.00 14,988 direct
PERFORMANCE RESTRICTED STOCK UNITS 0.0 2021-10-13 deemed execution date A 14,988 (a) common stock 14,988 $0.00 14,988 direct
PERFORMANCE RESTRICTED STOCK UNITS 0.0 2021-10-13 deemed execution date M 12,950 (d) common stock 45,327 $0.00 12,951 direct
PERFORMANCE RESTRICTED STOCK UNITS 0.0 2021-10-13 deemed execution date M 10,318 (d) common stock 1,200 $0.00 10,318 direct
Footnotes
IDfootnote
f1 withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of performance restricted stock units awarded under the issuer's 2004 equity incentive plan.
f2 the compensation committee certified achievement of the pre-established performance goals at a level resulting in a vest of 100% of the total target shares under the performance-based restricted stock units previously awarded on october 16, 2019. as reported at grant, the performance-based restricted stock unit could result in a payout that varies based on actual achievement of the goals, subject to a 200% aggregate limit on the payout of target shares.
f3 restricted stock awards vest in 33 1/3% increments annually on the anniversary of the grant.
f4 each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock which percentage varies based upon the achievement of pre-established performance metrics related to relative total shareholder return over a 3-year period beginning september 3, 2021 and ending on august 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on october 13, 2021), and certification of such performance by the compensation committee.
f5 each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock which percentage varies based upon the achievement of pre-established performance metrics related to data center nand delivery and solutions over a 3-year period beginning september 3, 2021 and ending on august 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on october 13, 2021), and certification of such performance by the compensation committee.
f6 each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock which percentage varies based upon the achievement of pre-established performance metrics related to high value nand delivery and solutions over a 3-year period beginning september 3, 2021 and ending on august 29, 2024 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on october 13, 2021), and certification of such performance by the compensation committee.
f7 each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock based upon the achievement of pre-established performance metrics related to nand over a 3-year performance period beginning august 30, 2019 and ending on september 1, 2022 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on october 16, 2019), and certification of such performance by the compensation committee.
f8 each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock based upon the achievement of pre-established performance metrics related to relative total shareholder return over a 3-year performance period beginning august 30, 2019 and ending on september 1, 2022 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on october 16, 2019), and certification of such performance by the compensation committee.

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