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WESTERN DIGITAL CORP — Director's Dealing 2019
Sep 7, 2019
30166_dirs_2019-09-06_c97dd340-29ad-4741-b00c-9d76a5cb3f9f.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: 2019-09-04
Reporting Person: CORDANO MICHAEL D (President and COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-09-04 | Common Stock | A | 24897 | $0.0 | Acquired | 252932 | Direct |
| 2019-09-04 | Common Stock | M | 1657 | $0.0 | Acquired | 254589 | Direct |
| 2019-09-04 | Common Stock | F | 13165 | $59.33 | Disposed | 241424 | Direct |
| 2019-09-04 | Common Stock | A | 40451 | $0.0 | Acquired | 281875 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-09-04 | Dividend Equivalent Rights | $ | M | 1657.0993 | Disposed | Common Stock (1657.0993) | Direct |
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: Represents the grant of restricted stock units to the Reporting Person. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F5: The total number of derivative securities has been adjusted to reflect the cancellation of 440.5488 stock units previously credited in the form of dividend equivalent payments on stock units that did not vest.