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WESTERN DIGITAL CORP — Director's Dealing 2016
Aug 17, 2016
30166_dirs_2016-08-16_3f64680c-0211-42ce-b713-44ed47cdaa8c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: WESTERN DIGITAL CORP (WDC)
CIK: 0000106040
Period of Report: 2016-08-14
Reporting Person: LONG MARK P (EVP, Finance & CSO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-08-14 | Common Stock | M | 622.0 | $0.0 | Acquired | 108244 | Direct |
| 2016-08-14 | Common Stock | F | 4614.0 | $44.31 | Disposed | 103630 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-08-14 | Dividend Equivalent Rights | $ | M | 622.0086 | Disposed | Common Stock (622.0086) | Direct |
Footnotes
F1: The 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 $0.38 was also paid to the holder to settle a fractional dividend equivalent of 0.0086.
F2: Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
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