SEC Form 4 · accession 0001266824-17-000156
WESTERN DIGITAL CORP · WDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Charles Ray
Officer — EVP, Chief Legal Officer & Sec
Period of report
Jul 19, 2017
Accepted (ET)
Jul 20, 2017 · 9:09 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 | Jul 19, 2017 | A | 3,734 | $0.00 | A | 45,140 | D | |
| Common Stock | Jul 19, 2017 | M | 255 | $0.00 | A | 45,395 | D | |
| Common StockF2 | Jul 19, 2017 | F | 1,836 | $94.48 | D | 43,559 | D | |
| Common Stock | holding | — | — | — | 8 | I | by Trust 401(K) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF4,F3 | — | Jul 19, 2017 | M | 255 | D | — | — | Common Stock | 255 | 3,410 | D |
Explanation of responses
- F1Represents shares issued as payment in respect of the vesting of a performance-based restricted stock unit award.
- 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 $11.26 was also paid to the holder to settle a fractional dividend equivalent of 0.1192.
- F4The total number of derivative securities has been adjusted to reflect the cancellation of 28.3544 stock units previously credited in the form of dividend equivalent payments on stock units that did not vest.
Remarks
The Reporting Person acquired an aggregate of 0.0442 shares of WDC common stock under a reinvestment feature of the Issuer's 401(k) plan since his last filing. The reported indirect holdings are based on shares held under the 401(k) plan as reported on July 20, 2017.