LAMBERT MICHAEL D 4
4 · WESTERN DIGITAL CORP · Filed Nov 3, 2017
Insider Transaction Report
Form 4
LAMBERT MICHAEL D
Director
Transactions
- Exercise/Conversion
Common Stock
2017-11-01$32.99/sh+1,063$35,068→ 19,361 total - Sale
Common Stock
2017-11-01$89.36/sh−1,063$94,984→ 18,298 total - Award
Common Stock
2017-11-02+2,708→ 21,104 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2017-11-01−1,063→ 0 totalExercise: $32.99From: 2011-11-11Exp: 2017-11-11→ Common Stock (1,063 underlying) - Exercise/Conversion
Common Stock
2017-11-01+98→ 18,396 total - Exercise/Conversion
Dividend Equivalent Rights
2017-11-01−98.886→ 0 total→ Common Stock (98.886 underlying)
Footnotes (4)
- [F1]This transaction is an acquisition of stock pursuant to the exercise of a stock option that would have soon expired.
- [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 restricted stock units to which the dividend equivalents relate. A cash amount equal to $79.02 was also paid to the holder to settle a fractional dividend equivalent of 0.8855.
- [F3]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.
- [F4]The option vested 25% on the first anniversary of the grant date and 6.25% at the end of each three-month period thereafter.