SEC Form 4 · accession 0001266824-17-000092
WESTERN DIGITAL CORP · WDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jacqueline DeMaria
Officer — EVP & Chief Human Res Officer
Period of report
May 1, 2017
Accepted (ET)
May 2, 2017 · 7:23 pm EDT
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 StockF2 | May 1, 2017 | M | 7,041 | $38.63 | A | 55,951 | D | |
| Common Stock | May 1, 2017 | M | 2,793 | $29.60 | A | 58,744 | D | |
| Common Stock | May 1, 2017 | M | 11,576 | $43.11 | A | 70,320 | D | |
| Common StockF3 | May 1, 2017 | S | 16,000 | $86.771 | D | 54,320 | D | |
| Common StockF4 | May 1, 2017 | S | 5,410 | $87.7753 | D | 48,910 | 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)F5 | $29.60 | May 1, 2017 | M | 2,793 | D | Sep 14, 2012 | Sep 14, 2018 | Common Stock | 2,793 | 0 | D |
| Employee Stock Option (right to buy)F5 | $38.63 | May 1, 2017 | M | 7,041 | D | May 16, 2013 | May 16, 2019 | Common Stock | 7,041 | 0 | D |
| Employee Stock Option (right to buy)F5 | $43.11 | May 1, 2017 | M | 11,576 | D | Sep 6, 2013 | Sep 6, 2019 | Common Stock | 11,576 | 0 | D |
Explanation of responses
- F1These transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 17, 2017.
- F2Includes 1 share acquired under the Issuer's Employee Stock Purchase Plan on November 30, 2016.
- F3Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $86.22 to a high of $87.19. 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.
- F4Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $87.23 to a high of $88.31. 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.
- F5The option vested 25% on the first anniversary of the grant date and 6.25% at the end of each three-month period thereafter.