SEC Form 4 · accession 0001266824-15-000098
WESTERN DIGITAL CORP · WDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Charles Ray
Officer — Sr. VP, Gen Cnsl & Secretary
Period of report
May 18, 2015
Accepted (ET)
May 19, 2015 · 6:26 pm EDT
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 | May 18, 2015 | M | 1,359 | $38.63 | A | 21,926 | D | |
| Common Stock | May 18, 2015 | M | 1,367 | $68.49 | A | 23,293 | D | |
| Common Stock | May 18, 2015 | S | 2,726 | $97.21 | D | 20,567 | D | |
| Common Stock | holding | — | — | — | 8 | I | by Trust 401(K) |
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 | May 18, 2015 | M | 1,359 | D | May 16, 2013 | May 16, 2019 | Common Stock | 1,359 | 5,438 | D |
| Employee Stock Option (right to buy)F3 | $68.49 | May 18, 2015 | M | 1,367 | D | Aug 14, 2014 | Aug 14, 2020 | Common Stock | 1,367 | 12,287 | D |
Explanation of responses
- F1These transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 2, 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 5/16/2015. 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 8/14/2013, and an additional 6.25% vested at the end of each three-month period through 5/14/2015. The remaining shares subject to the option will vest at 6.25% at the end of each three-month period until fully vested on 8/14/2017.
Remarks
The reporting owner acquired 0.0399 shares of WDC common stock under a reinvestment feature of the Issuer's 401(k) plan since his last filing. The reported indirect holdings are based on shares held under the 401(k) plan as reported on April 16, 2015.