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WESTERN DIGITAL CORP — Director's Dealing 2018
Jul 27, 2018
30166_dirs_2018-07-26_df0eb9ae-d71d-4d51-94ad-3855ebeee1d8.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: 2018-07-25
Reporting Person: CORDANO MICHAEL D (President and COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-07-25 | Common Stock | A | 89500 | $0.0 | Acquired | 288960 | Direct |
| 2018-07-25 | Common Stock | M | 4688 | $0.0 | Acquired | 293648 | Direct |
| 2018-07-25 | Common Stock | F | 46698 | $75.63 | Disposed | 246950 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-07-25 | Dividend Equivalent Rights | $ | M | 4688.566 | Disposed | Common Stock (4688.566) | Direct |
Footnotes
F1: Represents shares issued as payment in respect of the vesting of a performance-based restricted stock unit award.
F2: Includes 525 share acquired under the Issuer's Employee Stock Purchase Plan on May 31, 2018.
F3: 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.
F4: Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
F5: The 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.