SEC Form 4 · accession 0001242648-15-000021
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 22, 2015
Accepted (ET)
Feb 23, 2015 · 9:46 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 22, 2015 | M | 1,100 | $82.63 | A | 13,279 | D | |
| Common StockF2 | Feb 22, 2015 | F | 400 | $82.63 | D | 12,879 | 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,F4 | $0.00 | Feb 22, 2015 | M | 1,100 | D | — | Feb 21, 2018 | Common Stock | 1,100 | 0 | 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.
- F3Each restricted stock unit represents the right to receive one share of SanDisk Common Stock.
- F4The award shall vest in four successive equal annual installments measured from the vesting commencement date.