SEC Form 4 · accession 0001242648-16-000066
SANDISK CORP · SNDK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yehoshua Nir
Officer — SVP, Corp Mktg & GM Retail BU
Period of report
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 8:51 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,F2 | Feb 18, 2016 | M | 2,625 | — | A | 10,425 | D | |
| Common StockF3 | Feb 18, 2016 | F | 945 | $69.46 | D | 9,480 | 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 UnitF2,F4 | — | Feb 18, 2016 | M | 2,625 | D | — | — | Common Stock | 2,625 | 5,250 | 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
- F2Each restricted stock unit represents the right to receive one share of the Issuer's common stock upon the vesting of that unit.
- F3Reflects 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.
- F4The award shall vest in four successive equal annual installments measured from the vesting commencement date.