SEC Form 4 · accession 0001266824-17-000052
WESTERN DIGITAL CORP · WDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Srinivasan Sivaram
Officer — EVP Memory Technology
Period of report
Feb 17, 2017
Accepted (ET)
Feb 21, 2017 · 6:52 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 StockF1 | Feb 17, 2017 | M | 132 | $0.00 | A | 106,017 | D | |
| Common StockF2 | Feb 17, 2017 | F | 2,281 | $74.91 | D | 103,736 | D | |
| Common StockF3 | Feb 18, 2017 | M | 53 | $0.00 | A | 103,789 | D | |
| Common StockF2 | Feb 18, 2017 | F | 1,072 | $74.91 | D | 102,717 | 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 | — | Feb 17, 2017 | M | 133 | D | — | — | Common Stock | 133 | 2,191 | D |
| Dividend Equivalent RightsF3 | — | Feb 18, 2017 | M | 53 | D | — | — | Common Stock | 53 | 2,138 | 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 $71.83 was also paid to the holder to settle a fractional dividend equivalent of 0.9589.
- F2Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F3The 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 $13.35 was also paid to the holder to settle a fractional dividend equivalent of 0.1782.