SEC Form 4 · accession 0001266824-15-000161
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
Aug 19, 2015
Accepted (ET)
Aug 20, 2015 · 7:02 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 | Aug 19, 2015 | M | 2,395 | $38.63 | A | 89,361 | D | |
| Common Stock | Aug 19, 2015 | M | 5,056 | $68.49 | A | 94,417 | D | |
| Common Stock | Aug 19, 2015 | S | 14,234 | $82.02 | D | 80,183 | 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 | Aug 19, 2015 | M | 2,395 | D | May 16, 2013 | May 16, 2019 | Common Stock | 2,395 | 7,185 | D |
| Employee Stock Option (right to buy)F3 | $68.49 | Aug 19, 2015 | M | 5,056 | D | Aug 14, 2014 | Aug 14, 2020 | Common Stock | 5,056 | 40,455 | 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 June 9, 2015.
- 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 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.
- 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 8/14/2015. 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.