SEC Form 4 · accession 0001266824-17-000102
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
May 4, 2017
Accepted (ET)
May 8, 2017 · 7:07 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 Stock | May 4, 2017 | M | 9,485 | $30.20 | A | 102,202 | D | |
| Common Stock | May 4, 2017 | M | 30,348 | $40.63 | A | 132,550 | D | |
| Common StockF2 | May 4, 2017 | S | 40,182 | $89.1774 | D | 92,368 | 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)F3 | $30.20 | May 4, 2017 | M | 9,485 | D | Jun 28, 2016 | Jun 27, 2020 | Common Stock | 9,485 | 6,322 | D |
| Employee Stock Option (right to buy)F4 | $40.63 | May 4, 2017 | M | 30,348 | D | May 17, 2016 | Feb 16, 2022 | Common Stock | 30,348 | 30,348 | 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 2, 2017.
- F2Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $88.63 to a high of $89.46. 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.
- F3The option vests in substantially equal installments at the end of each three-month period through June 28, 2017. The first installment became exercisable on June 28, 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.