SEC Form 4 · accession 0001266824-18-000061
WESTERN DIGITAL CORP · WDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen D Milligan
Officer — Chief Executive Officer · Director
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 8:14 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 | Mar 9, 2018 | S | 2,291 | $99.31 | D | 68,114 | D | |
| Common Stock | Mar 12, 2018 | M | 50,973 | $68.49 | A | 119,087 | D | |
| Common StockF2 | Mar 12, 2018 | S | 50,973 | $100.1605 | D | 68,114 | D | |
| Common Stock | holding | — | — | — | 69,311 | I | By Family Trust |
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 | $68.49 | Mar 12, 2018 | M | 50,973 | D | Aug 14, 2014 | Aug 14, 2020 | Common Stock | 50,973 | 5,664 | 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 October 30, 2017.
- F2Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $100 to a high of $100.34. 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 vested 25% on the first anniversary of the grant date and 6.25% at the end of each three-month period thereafter.