SEC Form 4 · accession 0001266824-15-000004
WESTERN DIGITAL CORP · WDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Cordano
Officer — President, HGST Subsidiary
Period of report
Jan 12, 2015
Accepted (ET)
Jan 13, 2015 · 7:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000106040
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 12, 2015 | M | 431 | $38.63 | A | 88,868 | D | |
| Common Stock | Jan 12, 2015 | M | 5,896 | $43.11 | A | 94,764 | D | |
| Common Stock | Jan 12, 2015 | S | 8,806 | $110.7417 | D | 85,958 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $38.63 | Jan 12, 2015 | M | 431 | D | May 16, 2013 | May 16, 2019 | Common Stock | 431 | 16,333 | D |
| Employee Stock Option (right to buy)F3 | $43.11 | Jan 12, 2015 | M | 5,896 | D | Sep 6, 2013 | Sep 6, 2019 | Common Stock | 5,896 | 41,271 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 21, 2014.
- F2The option vested 25% one year from the grant date of 5/16/2012, and an additional 6.25% vested at the end of each three-month period through 11/16/2014. The remaining shares subject to the option will vest at 6.25% at the end of each three-month period until fully vested on 5/16/2016.
- F3The option vested 25% one year from the grant date of 9/6/2012, and an additional 6.25% vested at the end of each three-month period through 12/6/2014. The remaining shares subject to the option will vest at 6.25% at the end of each three-month period until fully vested on 9/6/2016.