SEC Form 4 · accession 0001266824-18-000129
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
Jul 25, 2018
Accepted (ET)
Jul 26, 2018 · 8:48 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 25, 2018 | A | 89,500 | $0.00 | A | 288,960 | D | |
| Common StockF3 | Jul 25, 2018 | M | 4,688 | $0.00 | A | 293,648 | D | |
| Common StockF4 | Jul 25, 2018 | F | 46,698 | $75.63 | D | 246,950 | 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 25, 2018 | M | 4,689 | D | — | — | Common Stock | 4,689 | 9,869 | D |
Explanation of responses
- F1Represents shares issued as payment in respect of the vesting of a performance-based restricted stock unit award.
- F2Includes 525 share acquired under the Issuer's Employee Stock Purchase Plan on May 31, 2018.
- 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 performance-based restricted stock units to which the dividend equivalents relate. A cash amount was also paid to the holder to settle a fractional dividend equivalent.
- 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 an additional 1,432.6056 dividend equivalents which were accrued in connection with a determination that the performance-based restricted stock units to which the dividend equivalents relate were achieved at a level greater than target.