Michael Charles Ray - Aug 27, 2021 Form 4 Insider Report for WESTERN DIGITAL CORP (WDC)

Signature
By: /s/ Sandra Garcia Attorney-in-Fact For: Michael C. Ray
Stock symbol
WDC
Transactions as of
Aug 27, 2021
Transactions value $
-$322,267
Form type
4
Date filed
8/31/2021, 07:31 PM
Previous filing
Aug 30, 2021
Next filing
Sep 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WDC Common Stock Award $0 +17.3K +19.22% $0.00 107K Aug 27, 2021 Direct F1
transaction WDC Common Stock Options Exercise $0 +743 +0.69% $0.00 108K Aug 30, 2021 Direct F2
transaction WDC Common Stock Tax liability -$322K -5.19K -4.81% $62.07 103K Aug 30, 2021 Direct F3
holding WDC Common Stock 9.26 Aug 27, 2021 by Trust 401(K)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WDC Dividend Equivalent Rights Options Exercise $0 -744 -44.64% $0.00 922 Aug 30, 2021 Common Stock 744 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
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 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 Balance reflects the adjustments made in connection with the cancellation of the dividend stock equivalents referenced in a Form 4 filed for the reporting person on August 30, 2021.