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WESTERN DIGITAL CORP — Director's Dealing 2020
Jan 24, 2020
30166_dirs_2020-01-23_d3ed6999-0aeb-4c0a-a0e1-ed65d4c66b2e.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: 2020-01-21
Reporting Person: CORDANO MICHAEL D (President and COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-01-23 | Common Stock | S | 12872 | $70.6882 | Disposed | 248946 | Direct |
| 2020-01-23 | Common Stock | S | 1834 | $71.5597 | Disposed | 247112 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-01-21 | Dividend Equivalent Rights | $ | A | 699.3504 | Acquired | Common Stock (699.3504) | Direct |
Footnotes
F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 7, 2019.
F2: Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $70.16 to a high of $71.15. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F3: Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from a low of $71.19 to a high of $71.99. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F4: The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) which vest proportionately with the RSUs to which they relate. Each dividend equivalent right represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof.