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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Unit | $ 0 | 02/22/2014 | M | 1,100 | (4) | 02/14/2020 | Common Stock | 1,100 | $ 0 | 1,100 | D | ||||
Restricted Stock Unit | $ 0 (5) | 02/24/2014 | M | 1,334 | (4) | 02/23/2017 | Common Stock | 1,334 | $ 0 | 0 | D | ||||
Employee Stock Option | $ 48.85 | 02/25/2014 | M | 1,238 | (6) | 02/21/2018 | Common Stock | 1,238 | $ 0 | 4,951 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Nir Yehoshua 951 SANDISK DRIVE MILPITAS, CA 95035 |
SVP, Corp Mktg & GM Retail BU |
Sharon L. Spehar - Attorney in Fact for Yehoshua Nir | 02/26/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Reflects the number of shares of Common Stock acquired in connection with the vesting of restricted stock units granted to the Reporting Person by the Issuer. |
(2) | Reflects the number of shares of Common Stock withheld by the Issuer to pay the tax liability of the Reporting Person resulting in a net issuance of the Issuer's Common Stock. |
(3) | The transaction was effected by the reporting person pursuant to a Rule 10b-5(1) sales plan effective as of August 10, 2010. |
(4) | The award shall vest in four successive equal annual installments measured from the vesting commencement date. |
(5) | Each restricted stock unit represents the right to receive one share of SanDisk Common Stock. |
(6) | Option Grant shall become exercisable with respect to 25% of the option shares on the first anniversary of the vesting commencement date and the balance in equal quarterly installments over the next three years thereafter. |