SEC Form 4 · accession 0001266824-17-000055
WESTERN DIGITAL CORP · WDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Manish H Bhatia
Officer — EVP Silicon Operations
Period of report
Feb 27, 2017
Accepted (ET)
Feb 28, 2017 · 8:35 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 Stock | Feb 27, 2017 | M | 3,983 | $25.56 | A | 81,948 | D | |
| Common Stock | Feb 27, 2017 | M | 12,500 | $40.63 | A | 94,448 | D | |
| Common Stock | Feb 27, 2017 | M | 3,983 | $36.87 | A | 98,431 | D | |
| Common StockF1 | Feb 27, 2017 | S | 34,734 | $75.1828 | D | 63,697 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $25.56 | Feb 27, 2017 | M | 3,983 | D | May 15, 2016 | Feb 14, 2020 | Common Stock | 3,983 | 0 | D |
| Employee Stock Option (right to buy)F3 | $36.87 | Feb 27, 2017 | M | 3,983 | D | May 18, 2016 | Feb 17, 2021 | Common Stock | 3,983 | 15,933 | D |
| Employee Stock Option (right to buy)F4 | $40.63 | Feb 27, 2017 | M | 12,500 | D | May 17, 2016 | Feb 16, 2022 | Common Stock | 12,500 | 39,091 | D |
Explanation of responses
- F1Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $75.14 to a high of $75.28. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- F2The option vests in substantially equal installments at the end of each three-month period through February 15, 2017. The first installment became exercisable on May 15, 2016.
- F3The option vests in substantially equal installments at the end of each three-month period through February 18, 2018. The first installment became exercisable on May 18, 2016.
- F4The option vests in substantially equal installments at the end of each three-month period through February 17, 2019. The first installment became exercisable on May 17, 2016.