SEC Form 4 · accession 0001266824-16-000443
WESTERN DIGITAL CORP · WDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sanjay Mehrotra
Director
Period of report
Nov 3, 2016
Accepted (ET)
Nov 7, 2016 · 7:37 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 4, 2016 | A | 4,089 | $0.00 | A | 4,089 | D | |
| Common StockF2,F3 | Nov 3, 2016 | M | 32 | $0.00 | A | 9,208 | I | By Family Trust |
| Common Stock | holding | — | — | — | 19,192 | I | by GRAT |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF2 | — | Nov 3, 2016 | M | 33 | D | — | — | Common Stock | 33 | 0 | D |
Explanation of responses
- F1Represents the grant of restricted stock units to the reporting person. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2The 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 $31.58 was also paid to the holder to settle a fractional dividend equivalent of 0.5727.
- F3Includes change in form of beneficial ownership of shares of Issuer's common stock in connection with the vesting of the reporting person's restricted stock unit award. The underlying shares were issued directly to the reporting person's Family Trust account.