SEC Form 4 · accession 0001266824-16-000436
WESTERN DIGITAL CORP · WDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Cordano
Officer — President and COO
Period of report
Nov 3, 2016
Accepted (ET)
Nov 7, 2016 · 7:35 pm EST
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 | Nov 3, 2016 | M | 76 | $0.00 | A | 57,629 | D | |
| Common StockF2 | Nov 3, 2016 | F | 968 | $55.14 | D | 56,661 | 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 RightsF1 | — | Nov 3, 2016 | M | 76 | D | — | — | Common Stock | 76 | 4,440 | 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 $0.50 was also paid to the holder to settle a fractional dividend equivalent of 0.0090.
- F2Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).