SEC Form 4 · accession 0001242648-15-000030
SANDISK CORP · SNDK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven J Gomo
Director
Period of report
Jun 18, 2015
Accepted (ET)
Jun 22, 2015 · 7:45 pm EDT
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,F2 | Jun 18, 2015 | A | 1,927 | — | A | 9,178 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F3 | $65.21 | Jun 18, 2015 | A | 6,250 | A | — | Jun 17, 2022 | Common Stock | 6,250 | 6,250 | D |
Explanation of responses
- F1Represents an award of restricted stock units under the Issuer's 2013 Incentive Plan. Each such unit represents the right to receive one share of the Issuer's common stock upon the vesting of that unit. All the awarded units will vest upon the Reporting Person's continued service as a member of the Issuer's Board of Directors until the earlier of (i) the expiration of the one-year period measured from the award date or (ii) the day immediately preceding the date of the next annual meeting of the Issuer's stockholders.
- F2Includes 1,927 shares of the Issuer's common stock subject to restricted stock units, and those shares will not actually be issued until the units vest.
- F3Option shall be immediately exercisable for any or all of the option shares. However, any shares purchased under the option shall be subject to repurchase by the Corporation, at the exercise price paid per share, upon the Optionee's cessation of Board service prior to vesting in those shares. Option shall vest, and the Corporation's repurchase right shall lapse, upon the Reporting Person's continued service as a Board member until the earlier of (i) the expiration of the one-year period measured from the award date or (ii) the day immediately preceding the date of the next annual meeting of the Issuer's stockholders.