SEC Form 4 · accession 0001266824-17-000174
WESTERN DIGITAL CORP · WDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Cordano
Officer — President and COO
Period of report
Aug 3, 2017
Accepted (ET)
Aug 7, 2017 · 8:04 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 | Aug 3, 2017 | M | 216 | $0.00 | A | 88,128 | D | |
| Common StockF2 | Aug 3, 2017 | F | 4,166 | $84.51 | D | 83,962 | D | |
| Common StockF3 | Aug 4, 2017 | M | 490 | $0.00 | A | 84,452 | D | |
| Common StockF2 | Aug 4, 2017 | F | 4,003 | $81.17 | D | 80,449 | 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 RightsF1 | — | Aug 3, 2017 | M | 217 | D | — | — | Common Stock | 217 | 6,929 | D |
| Dividend Equivalent RightsF3 | — | Aug 4, 2017 | M | 491 | D | — | — | Common Stock | 491 | 6,438 | D |
Explanation of responses
- F1The 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 $59.70 was also paid to the holder to settle a fractional dividend equivalent of 0.7064.
- 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 $62.19 was also paid to the holder to settle a fractional dividend equivalent of 0.7662.