<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 12)
Under the Securities Exchange Act of 1934
MICRON TECHNOLOGY, INC.
(Name of Issuer)
Common Stock, $.10 par value
(Title of Class of Securities)
595112-4
(CUSIP Number)
Jacques K. Meguire, Esq.
Sonnenschein Nath & Rosenthal
8000 Sears Tower
Chicago, Illinois 60606
Telephone: (312) 876-8000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 22, 1999
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), (f) or (g), check the following box [ ].
<PAGE> 2
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on following page(s))
<PAGE> 3
SCHEDULE 13D
CUSIP NO. 595112-4 PAGE 3 OF 12 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John R. Simplot
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
7,941,599
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
22,400
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
7,941,599
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
22,400
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,979,999
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 4
SCHEDULE 13D
CUSIP NO. 595112-4 PAGE 4 OF 12 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J. R. Simplot Self-Declaration of Revocable Trust dated December 21, 1989
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Idaho
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
2,967,377
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING 2,967,377
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,967,377 (amount also included in amount beneficially owned by Mr. John R.
Simplot)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 5
SCHEDULE 13D
CUSIP NO. 595112-4 PAGE 5 OF 12 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JRS Properties, L.P.
EIN #82-0485383
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Idaho
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
4,974,222
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING 4,974,222
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,974,222 (amount also included in amount beneficially owned by Mr. John R.
Simplot)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 6
SCHEDULE 13D
CUSIP NO. 595112-4 PAGE 6 OF 12 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J. R. Simplot Company
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Nevada
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
14,936,000
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING 22,536,000
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,536,000 (See Item 5 (a)-(b))
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 7
SCHEDULE 13D
CUSIP NO. 595112-4 PAGE 7 OF 12 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Simplot Canada Limited
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
2,600,000
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,600,000 (Aggregate amount also included in aggregate amount beneficially
owned by J.R. Simplot Company)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 8
This Amendment No. 12 to Schedule 13D (the "Schedule 13D") is filed on
behalf of John R. Simplot ("Mr. Simplot"), J.R. Simplot Self-Declaration of
Revocable Trust dated December 21, 1989 (the "Revocable Trust"), JRS Properties
L.P. (the "Partnership"), J.R. Simplot Company, a Nevada corporation ("Simplot
Company"), and Simplot Canada Limited ("SCL") to further amend the Schedule 13D
as originally filed on February 20, 1992, as subsequently amended and restated
by Amendment No. 4 to Schedule 13D ("Amendment No. 4") filed on November 29,
1995 by the Simplot Company, SCL, Mr. Simplot, the Revocable Trust and the
Partnership (collectively the "Reporting Persons") and as subsequently amended.
Capitalized terms used herein and not otherwise defined have the same meanings
as provided in Amendment No. 4.
Item 5. Interest in Securities of the Issuer, is hereby amended and restated to
read in full as follows:
(a)-(b) Mr. Simplot beneficially owns an aggregate of 7,979,999 shares
of Common Stock of Micron Technology, Inc. ("Micron") held as follows:
(i) 2,895,122 shares held in the Revocable Trust,
(ii) 4,974,222 shares held by the Partnership,
(iii) 72,255 shares held by the S-Sixteen Partnership,
(iv) 22,400 shares held in joint tenancy with his spouse, and
(v) 16,000 shares which Mr. Simplot has the right to acquire
pursuant to stock options.
Such shares represent 3.2% of the 250,395,896 shares of Common Stock outstanding
as of April 5, 1999 as reported in the Quarterly Report on Form 10-Q filed by
Micron on April 7, 1999. Such shares exclude shares of Common Stock as to which
Mr. Simplot disclaims beneficial ownership and which are held by (i) Mr.
Simplot's spouse (15,200 shares) or (ii) the J.R. Simplot Foundation (1,047,500
shares). Mr. Simplot has the sole power to direct the disposal of, and the sole
power to dispose or direct the disposition of, and vote or direct the vote of,
7,941,599 shares of Common Stock. Mr. Simplot shares with his spouse the power
to dispose of, and to vote, 22,400 shares of Common Stock. As previously
reported, Mr. Simplot (i) is the founder of the Simplot Company, (ii) retired
from the position of a director and Chairman of the Board of the Simplot Company
in April 1994 and has not been an officer or a director of the Simplot Company
since that date, (iii) is neither an officer nor a director of SCL, and (iv)
does not own any voting shares of either the Simplot Company or SCL. Mr. Simplot
disclaims beneficial ownership of the shares of Common Stock held by the Simplot
Company or SCL.
<PAGE> 9
The Revocable Trust beneficially owns an aggregate of 2,967,377 shares
of Common Stock, consisting of (x) 2,895,122 shares held in the Revocable Trust
and (y) 72,255 shares held by the S-Sixteen Partnership. Mr. Simplot, as sole
trustee of the Revocable Trust, has the sole power to direct the disposal of,
and the sole power to direct the vote of, the 2,967,377 shares of Common Stock.
Such shares represent 1.2% of the Common Stock outstanding as of April 5, 1999.
The Revocable Trust disclaims beneficial ownership of the shares of Common Stock
held by each other Reporting Person.
The Partnership beneficially owns 4,974,222 shares of Common Stock. Mr.
Simplot, as general partner of the Partnership, has the sole power to direct the
disposal of, and the sole power to direct the vote of, such shares. Such shares
represent 2.0% of the Common Stock outstanding as of April 5, 1999. The
Partnership disclaims beneficial ownership of the shares of Common Stock held by
each other Reporting Person.
The Simplot Company beneficially owns an aggregate of 22,536,000 shares
of Common Stock. Such shares represent 9.0% of the Common Stock outstanding as
of April 5, 1999 and consist of the following:
(i) 7,336,000 shares of Common Stock as to which the Simplot
Company has sole voting power and sole dispositive power,
(ii) 5,000,000 shares of Common Stock (the "1996 JRS Shares")
which, as previously reported, are subject to the 1996 JRS Pledge (as
described in Item 6 of Amendment No. 11 to this Schedule 13D) and as to
which the Simplot Company has sole voting power and no present
dispositive power, but can reclaim possession and sole dispositive
power at any time, subject to certain conditions,
(iii) 2,600,000 shares of Common Stock (the "1996 SCL Shares")
which, as previously reported, are subject to the 1996 SCL Pledge (as
described in Item 6 of Amendment No. 11 to this Schedule 13D) and as to
which shares the Simplot Company has the power to direct the vote and
no present dispositive power, but can cause SCL to reclaim possession
and sole dispositive power at any time, subject to certain conditions,
and
(iv) 7,600,000 shares (the "1998 JRS Shares") which, as
previously reported, are subject to the 1998 JRS Pledge (as described
in Item 6 of Amendment No. 11 to this Schedule 13D) and as to which
shares the Simplot Company has no voting power and no present
dispositive power, but can reclaim possession and dispositive power at
any time, subject to certain conditions.
The Simplot Company disclaims beneficial ownership of the shares of Common Stock
held by each other Reporting Person other than SCL.
<PAGE> 10
SCL beneficially owns an aggregate of 2,600,000 shares of Common Stock
(the "1996 SCL Shares"). The 1996 SCL Shares represent 1.0% of the Common Stock
outstanding as of April 5, 1999. As previously reported, the 1996 SCL Shares are
subject to 1996 SCL Pledge (as described in Item 6 of Amendment No. 11 to this
Schedule 13D). SCL has sole voting power but no present dispositive power over
the 1996 SCL shares. The 1996 SCL Pledge allows SCL to reclaim possession of and
dispositive power over the 1996 SCL Shares at any time, subject to certain
conditions. SCL disclaims beneficial ownership of the shares of Common Stock
held by each other Reporting Person.
(c) During the 60 days prior to the date of this Amendment No. 12, the
Revocable Trust sold an aggregate of 4,000,000 shares of Common Stock in order
to increase the diversification and liquidity of its investment portfolio. Such
shares were sold in public sales on the New York Stock Exchange on April 22,
1999 at the per-share prices (before brokerage commissions) indicated below:
<TABLE>
<CAPTION>
No. of Shares Price
------------- -----
<S> <C>
2,808,400 37.0000
47,000 37.0625
59,000 37.1250
25,000 37.1875
51,000 37.2500
15,000 37.3750
10,000 37.4375
210,200 37.5000
93,400 37.5625
47,000 37.6250
46,000 37.6875
2,000 37.7500
205,000 38.0000
42,000 38.0625
67,000 38.1250
11,000 38.1875
34,000 38.2500
42,000 38.3125
43,000 38.3750
25,000 38.5000
104,000 38.5625
5,000 38.7500
3,000 38.9375
5,000 39.0000
---------
Total 4,000,000
=========
</TABLE>
In addition, on April 22, 1999, the Revocable Trust donated 1,000,000 shares of
Common Stock to the J.R. Simplot Foundation.
(d) As previously reported, under the JRS Forward, Canadian Imperial
Bank of Commerce ("CIBC") is entitled to receive (i) the entire amount of any
dividend on the 1996 JRS Shares that exceeds
<PAGE> 11
$0.50 per share and (ii) non-cash distributions on the 1996 JRS Shares
(excluding stock splits, stock dividends and the like).
As previously reported, under an agreement between the Simplot Company
and CIBC dated July 29, 1996 (the "JRS Dividend Swap"), pursuant to an
International Swap Dealers Association, Inc. Master Agreement
(Multicurrency--Cross Border) (1992) between CIBC and the Simplot Company, (i)
CIBC agreed to pay to the Simplot Company $250,000 within three business days
after each payment of any dividend by Micron prior to the termination of the JRS
Dividend Swap, and (ii) the Simplot Company agreed to pay to CIBC an amount
equal to the product of (x) 5,000,000 and (y) the per share amount of any
dividend (but only in respect of dividends of $0.50 or less per share) on the
Common Stock prior to the termination of the JRS Dividend Swap.
As previously reported, under the SCL Forward, CIBC is entitled to
receive (i) the entire amount of any dividend on the 1996 SCL Shares that
exceeds $0.50 per share and (ii) non-cash distributions on the 1996 SCL Shares
(excluding stock splits, stock dividends and the like). As previously reported,
under an agreement between the Simplot Company and CIBC dated June 28, 1996
pursuant to an International Swap Dealers Association, Inc. Master Agreement
(Multicurrency--Cross Border) (1992) between CIBC and the Simplot Company, (i)
CIBC has agreed to pay to the Simplot Company $90,170.79 within three business
days after each payment of any dividend by Micron prior to the SCL Termination
Date, and (ii) the Simplot Company agreed to pay to CIBC an amount equal to the
product of (x) 2,600,000 and (y) the per share amount of any dividend (but only
in respect of dividends of $0.50 or less per share) on the Common Stock prior to
the SCL Termination Date.
(e) On April 22, 1999, Mr. Simplot ceased to be a beneficial owner of
more than 5% of the outstanding Common Stock.
<PAGE> 12
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: April 26, 1999 Dated: April 26, 1999
JRS Properties L.P. John R. Simplot
By: /s/ JOHN R. SIMPLOT /s/ JOHN R. SIMPLOT
-------------------------------- --------------------------
John R. Simplot,
as General Partner
Dated: April 26, 1999
J.R. Simplot Self-
Declaration of Revocable
Trust dated December 21, 1989
By: /s/ JOHN R. SIMPLOT
--------------------------------
John R. Simplot, as
Trustee
Dated: April 26, 1999 Dated: April 26, 1999
J.R. Simplot Company Simplot Canada Limited
By: /s/ RONALD N. GRAVES By: /s/ RONALD N. GRAVES
- ---------------------------------- ----------------------------
Title: Secretary Title: Secretary
