SEC Form 4 · accession 0001266824-15-000169
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
Sep 6, 2015
Accepted (ET)
Sep 9, 2015 · 8:05 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 | Sep 6, 2015 | M | 362 | $0.00 | A | 25,528 | D | |
| Common StockF2 | Sep 6, 2015 | F | 3,486 | $80.02 | D | 22,042 | D | |
| Common Stock | Sep 8, 2015 | M | 1,863 | $43.11 | A | 23,905 | D | |
| Common Stock | Sep 8, 2015 | S | 1,863 | $81.73 | D | 22,042 | D | |
| Common Stock | Sep 9, 2015 | S | 3,196 | $83.86 | D | 18,846 | 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 | — | Sep 6, 2015 | M | 362 | D | — | — | Common Stock | 362 | 267 | D |
| Employee Stock Option (right to buy)F4 | $43.11 | Sep 8, 2015 | M | 1,863 | D | Sep 6, 2013 | Sep 6, 2019 | Common Stock | 1,863 | 7,452 | 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 $38.63 was also paid to the holder to settle a fractional dividend equivalent of 0.4828.
- 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 9/6/2012, and an additional 6.25% vested at the end of each three-month period through 9/6/2015. The remaining shares subject to the option will vest at 6.25% at the end of each three-month period until fully vested on 9/6/2016.