SEC Form 4 · accession 0001266824-18-000103
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 29, 2018
Accepted (ET)
May 30, 2018 · 7:46 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 29, 2018 | M | 25,362 | $44.78 | A | 110,910 | D | |
| Common Stock | May 29, 2018 | M | 6,322 | $30.20 | A | 117,232 | D | |
| Common Stock | May 29, 2018 | M | 12,139 | $36.87 | A | 129,371 | D | |
| Common Stock | May 29, 2018 | M | 18,968 | $40.63 | A | 148,339 | D | |
| Common StockF2 | May 29, 2018 | S | 2,700 | $86.7548 | D | 145,639 | D | |
| Common StockF3 | May 29, 2018 | S | 61,179 | $86.3415 | D | 84,460 | 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)F4 | $30.20 | May 29, 2018 | M | 6,322 | D | Jun 28, 2016 | Jun 27, 2020 | Common Stock | 6,322 | 0 | D |
| Employee Stock Option (right to buy)F5 | $36.87 | May 29, 2018 | M | 12,139 | D | May 18, 2016 | Feb 17, 2021 | Common Stock | 12,139 | 0 | D |
| Employee Stock Option (right to buy)F6 | $40.63 | May 29, 2018 | M | 18,968 | D | May 17, 2016 | Feb 16, 2022 | Common Stock | 18,968 | 11,380 | D |
| Employee Stock Option (right to buy)F7 | $44.78 | May 29, 2018 | M | 25,362 | D | Aug 3, 2017 | Aug 3, 2023 | Common Stock | 25,362 | 32,606 | 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, as amended on February 26, 2018.
- F2Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $86.695 to a high of $86.90. 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.
- F3Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $85.695 to a high of $86.69. 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.
- F4The 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.
- F5The option vests in substantially equal installments at the end of each three-month period through February 18, 2018. The first installment became exercisable on May 18, 2016.
- F6The 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.
- F7The option vested 25% one year from the grant date of 8/3/2016, and an additional 6.25% vested at the end of each three-month period through 5/3/2018. The remaining shares subject to the option will vest at 6.25% at the end of each three-month period until fully vested on 8/3/2020.