AI assistant
WESTERN DIGITAL CORP — Director's Dealing 2018
Jul 27, 2018
30166_dirs_2018-07-26_c4898ceb-ed8b-4fa3-b5f8-469649287a57.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: WESTERN DIGITAL CORP (WDC)
CIK: 0000106040
Period of Report: 2018-07-25
Reporting Person: RAY MICHAEL CHARLES (EVP, Chief Legal Officer & Sec)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-07-25 | Common Stock | A | 21974 | $0.0 | Acquired | 117400 | Direct |
| 2018-07-25 | Common Stock | M | 1151 | $0.0 | Acquired | 118551 | Direct |
| 2018-07-25 | Common Stock | F | 11465 | $75.63 | Disposed | 107086 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-07-25 | Dividend Equivalent Rights | $ | M | 1151.1346 | Disposed | Common Stock (1151.1346) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 8.6473 | Indirect |
Footnotes
F1: Represents shares issued as payment in respect of the vesting of a performance-based restricted stock unit award.
F2: 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 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.
F3: Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
F4: The total number of derivative securities has been adjusted to reflect an additional 351.7208 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.