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WESTERN DIGITAL CORP — Director's Dealing 2018
Mar 9, 2018
30166_dirs_2018-03-08_e401746d-32d6-4b86-8c0f-9284a861d1ac.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: 2018-03-06
Reporting Person: DeMaria Jacqueline (EVP & Chief Human Res Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-03-06 | Common Stock | A | 74139 | $0.0 | Acquired | 129424 | Direct |
| 2018-03-07 | Common Stock | M | 2335 | $0.0 | Acquired | 131759 | Direct |
| 2018-03-07 | Common Stock | F | 17987 | $95.27 | Disposed | 113772 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-03-06 | Dividend Equivalent Rights | $ | A | 3114.2053 | Acquired | Common Stock (3114.2053) | Direct | |
| 2018-03-07 | Dividend Equivalent Rights | $ | M | 2335.7484 | Disposed | Common Stock (2335.7484) | Direct |
Footnotes
F1: Represents stock units that have been earned by the Reporting Person as payment in respect of the vesting of performance-based restricted stock units. Of these shares 37,071 vested on March 7, 2018 and 37,068 will vest on March 7, 2019.
F2: Represents dividend equivalents that 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 $71.30 was also paid to the Reporting Person to settle a fractional dividend equivalent of 0.7484.
F3: Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
F4: The dividend equivalents 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.