LONG MARK P 4
4 · WESTERN DIGITAL CORP · Filed Aug 6, 2018
Insider Transaction Report
Form 4
LONG MARK P
EVP, Corporate Development
Transactions
- Sale
Common Stock
2018-08-03$68.74/sh−2,233$153,496→ 188,405 total - Exercise/Conversion
Common Stock
2018-08-03+203→ 188,608 total - Sale
Common Stock
2018-08-06$67.65/sh−1,214$82,127→ 185,368 total - Exercise/Conversion
Dividend Equivalent Rights
2018-08-03−203.52→ 9,284.433 total→ Common Stock (203.52 underlying) - Tax Payment
Common Stock
2018-08-03$67.96/sh−2,026$137,687→ 186,582 total - Exercise/Conversion
Common Stock
2018-08-02+129→ 191,154 total - Tax Payment
Common Stock
2018-08-02$68.52/sh−2,749$188,361→ 188,405 total - Exercise/Conversion
Common Stock
2018-08-03$44.78/sh+2,233$99,994→ 190,638 total - Exercise/Conversion
Employee Stock Option (right to buy)
2018-08-03−2,233→ 40,199 totalExercise: $44.78From: 2017-08-03Exp: 2023-08-03→ Common Stock (2,233 underlying) - Exercise/Conversion
Dividend Equivalent Rights
2018-08-02−129.075→ 9,487.954 total→ Common Stock (129.075 underlying)
Footnotes (4)
- [F1]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 restricted stock units to which the dividend equivalents relate. A cash amount was also paid to the holder to settle a fractional dividend equivalent.
- [F2]Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
- [F3]These transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 30, 2018.
- [F4]The option vested 25% one year from the grant date of 8/3/2016, and an additional 6.25% vested at the end of each three-month period through 8/3/2018. The remaining shares subject to the option will vest at 6.25% at the end of each three-month period until fully vested on 8/3/2020.