SEC Form 4 · accession 0001266824-18-000144
WESTERN DIGITAL CORP · WDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark P Long
Officer — Pres WD Capital, CSO & CFO
Period of report
Aug 2, 2018
Accepted (ET)
Aug 6, 2018 · 9:31 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 2, 2018 | M | 129 | $0.00 | A | 191,154 | D | |
| Common StockF2 | Aug 2, 2018 | F | 2,749 | $68.52 | D | 188,405 | D | |
| Common Stock | Aug 3, 2018 | M | 2,233 | $44.78 | A | 190,638 | D | |
| Common Stock | Aug 3, 2018 | S | 2,233 | $68.74 | D | 188,405 | D | |
| Common StockF1 | Aug 3, 2018 | M | 203 | $0.00 | A | 188,608 | D | |
| Common StockF2 | Aug 3, 2018 | F | 2,026 | $67.96 | D | 186,582 | D | |
| Common Stock | Aug 6, 2018 | S | 1,214 | $67.65 | D | 185,368 | 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 2, 2018 | M | 129 | D | — | — | Common Stock | 129 | 9,488 | D |
| Dividend Equivalent RightsF1 | — | Aug 3, 2018 | M | 204 | D | — | — | Common Stock | 204 | 9,284 | D |
| Employee Stock Option (right to buy)F4 | $44.78 | Aug 3, 2018 | M | 2,233 | D | Aug 3, 2017 | Aug 3, 2023 | Common Stock | 2,233 | 40,199 | 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 was also paid to the holder to settle a fractional dividend equivalent.
- F2Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- F3These transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 30, 2018.
- F4The 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 8/3/2018. 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.