SEC Form 4 · accession 0001266824-15-000139
WESTERN DIGITAL CORP · WDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen D Milligan
Officer — President & CEO · Director
Period of report
Jul 23, 2015
Accepted (ET)
Jul 27, 2015 · 6:25 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 StockF1 | Jul 23, 2015 | M | 1,762 | $0.00 | A | 104,526 | D | |
| Common StockF2 | Jul 23, 2015 | A | 50,425 | $0.00 | A | 154,951 | D | |
| Common StockF3 | Jul 23, 2015 | F | 27,231 | $77.90 | D | 127,720 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF4,F1 | — | Jul 23, 2015 | M | 1,762 | D | — | — | Common Stock | 1,762 | 4,832 | D |
Explanation of responses
- F1A total of 1,762 dividend equivalents were converted into, and paid in the form of, shares of the issuer's common stock on a one-for-one basis in connection with the vesting of the performance-based restricted stock units to which the dividend equivalents relate. A cash amount equal to $7.07 was also paid to the holder to settle fractional dividend equivalents in an aggregate amount of 0.0907.
- F2Represents shares issued as payment in respect of the vesting of a performance-based stock unit award.
- F3Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F4The total number of derivative securities has been adjusted to reflect the cancellation of 383.3095 stock units previously credited in the form of dividend equivalent payments on stock units that did not vest.