SEC Form 4 · accession 0001266824-15-000159
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
Aug 14, 2015
Accepted (ET)
Aug 18, 2015 · 6:21 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 | Aug 14, 2015 | M | 129 | $0.00 | A | 28,995 | D | |
| Common StockF2 | Aug 14, 2015 | F | 1,720 | $82.50 | D | 27,275 | D | |
| Common Stock | Aug 17, 2015 | M | 1,360 | $38.63 | A | 28,635 | D | |
| Common Stock | Aug 17, 2015 | S | 3,469 | $82.02 | D | 25,166 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF1 | — | Aug 14, 2015 | M | 129 | D | — | — | Common Stock | 129 | 630 | D |
| Employee Stock Option (right to buy)F4 | $38.63 | Aug 17, 2015 | M | 1,360 | D | May 16, 2013 | May 16, 2019 | Common Stock | 1,360 | 4,078 | D |
Explanation of responses
- F1The 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 restricted stock units to which the dividend equivalents relate. A cash amount equal to $24.39 was also paid to the holder to settle a fractional dividend equivalent of 0.2956.
- F2Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F3These transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 30, 2015.
- F4The 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 8/16/2015. 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.