SEC Form 4 · accession 0001266824-17-000027
WESTERN DIGITAL CORP · WDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Henry T Denero
Director
Period of report
Jan 17, 2017
Accepted (ET)
Jan 19, 2017 · 7:52 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 Stock | Jan 17, 2017 | M | 571 | $0.00 | A | 14,399 | 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 RightsF2 | — | Jan 17, 2017 | A | 66 | A | — | — | Common Stock | 66 | 600 | D |
| Dividend Equivalent RightsF1 | — | Jan 17, 2017 | M | 572 | D | — | — | Common Stock | 572 | 29 | 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 issuance of shares underlying a vested restricted stock unit award to which the dividend equivalents relate. A cash amount equal to $62.71 was also paid to the holder to settle a fractional dividend equivalent of 0.8756.
- F2The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) which vest proportionately with the RSUs to which they relate. Each dividend equivalent right represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof.