SEC Form 4 · accession 0001266824-17-000153
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
Jul 19, 2017
Accepted (ET)
Jul 20, 2017 · 9:07 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 StockF1,F2 | Jul 19, 2017 | A | 3,458 | $0.00 | A | 52,892 | D | |
| Common StockF3 | Jul 19, 2017 | M | 236 | $0.00 | A | 53,128 | D | |
| Common StockF4 | Jul 19, 2017 | F | 1,927 | $94.48 | D | 51,201 | 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 RightsF5,F3 | — | Jul 19, 2017 | M | 236 | D | — | — | Common Stock | 236 | 3,011 | D |
Explanation of responses
- F1Represents shares issued as payment in respect of the vesting of a performance-based restricted stock unit award.
- F2Includes 524 share acquired under the Issuer's Employee Stock Purchase Plan on May 31, 2017.
- 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 $24.77 was also paid to the holder to settle a fractional dividend equivalent of 0.2622.
- F4Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F5The total number of derivative securities has been adjusted to reflect the cancellation of 26.3044 stock units previously credited in the form of dividend equivalent payments on stock units that did not vest.