SEC Form 4 · accession 0001242648-15-000013
SANDISK CORP · SNDK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sumit Sadana
Officer — EVP & Chief Strategy Officer
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 9:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001000180
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 18, 2015 | M | 3,125 | $81.94 | A | 13,333 | D | |
| Common StockF2 | Feb 18, 2015 | F | 1,154 | $81.94 | D | 12,179 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3,F5 | $0.00 | Feb 17, 2015 | A | 12,500 | A | — | Feb 16, 2022 | Common Stock | 12,500 | 12,500 | D |
| Employee Stock OptionF6 | $82.20 | Feb 17, 2015 | A | 37,500 | A | — | Feb 16, 2022 | Common Stock | 37,500 | 37,500 | D |
| Restricted Stock UnitF4,F5 | $0.00 | Feb 18, 2015 | M | 3,125 | D | — | Feb 17, 2021 | Common Stock | 3,125 | 9,375 | D |
Explanation of responses
- F1Reflects the number of shares of Common Stock acquired in connection with the vesting of restricted stock units granted to the Reporting Person by the Issuer.
- F2Reflects the number of shares of Common Stock withheld by the Issuer to pay the tax liability of the Reporting Person resulting in a net issuance of the Issuer's Common Stock.
- F3Represents an award of restricted stock units. Each such unit represents the right to receive one share of the Issuer's common stock upon the vesting of that unit.
- F4Each restricted stock unit represents the right to receive one share of SanDisk Common Stock.
- F5The award shall vest in four successive equal annual installments measured from the vesting commencement date.
- F6Option Grant shall become exercisable with respect to 25% of the option shares on the first anniversary of the vesting commencement date and the balance in equal quarterly installments over the next three years thereafter.