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WESTERN DIGITAL CORP — Director's Dealing 2018
Aug 7, 2018
30166_dirs_2018-08-06_2bc70a5d-d7de-4381-8fc9-92350e031879.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: 2018-08-02
Reporting Person: RAY MICHAEL CHARLES (EVP, Chief Legal Officer & Sec)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-08-02 | Common Stock | M | 69 | $0.0 | Acquired | 107155 | Direct |
| 2018-08-02 | Common Stock | F | 1489 | $68.52 | Disposed | 105666 | Direct |
| 2018-08-03 | Common Stock | M | 399 | $0.0 | Acquired | 106065 | Direct |
| 2018-08-03 | Common Stock | F | 3980 | $67.96 | Disposed | 102085 | Direct |
| 2018-08-04 | Common Stock | M | 259 | $0.0 | Acquired | 102344 | Direct |
| 2018-08-04 | Common Stock | F | 1499 | $67.96 | Disposed | 100845 | Direct |
| 2018-08-06 | Common Stock | M | 4387 | $44.78 | Acquired | 105232 | Direct |
| 2018-08-06 | Common Stock | S | 4387 | $67.65 | Disposed | 100845 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-08-02 | Dividend Equivalent Rights | $ | M | 69.9825 | Disposed | Common Stock (69.9825) | Direct | |
| 2018-08-03 | Dividend Equivalent Rights | $ | M | 399.7068 | Disposed | Common Stock (399.7068) | Direct | |
| 2018-08-04 | Dividend Equivalent Rights | $ | M | 259.3931 | Disposed | Common Stock (259.3931) | Direct | |
| 2018-08-06 | Employee Stock Option (right to buy) | $44.78 | M | 4387 | Disposed | 2023-08-03 | Common Stock (4387) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 8.6473 | Indirect |
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 was also paid to the holder to settle a fractional dividend equivalent.
F2: Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
F3: These 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.
F4: The 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.