Western Digital 2006 Annual Report Download - page 88

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Name
# Shares
Subject to
Restricted
Stock
Award
# Shares
Subject to
Restricted
Stock
Units
Per
Share
Value at
Date of
Grant Vesting Schedule
Arif Shakeel* .......... 1,250,000 $14.25 500,000 shares vest on 1/1/2007 and the
remaining 750,000 shares vest on 1/1/2008
John F. Coyne ......... 30,000 20.13 Vests in full on May 11, 2009
300,000 13.76 Vests in equal installments on
November 17, 2006, 2007 and 2008
Raymond M. Bukaty . . . . 58,000 23.97 Vests in full on August 31, 2008
Hossein M. Moghadam . . . 6,308 23.97 Vests in full on February 16, 2009
20,000 23.97 Vests in full on August 31, 2008
50,000 13.76 Vests in equal installments on
November 17, 2006, 2007 and 2008
Stephen D. Milligan ..... 55,000 23.97 Vests in full on August 31, 2008
* For Mr. Shakeel, this award includes 90,800 shares of restricted stock that were scheduled to vest on January 1,
2008. This amount was cancelled on October 31, 2006 pursuant to an amendment to our employment agreement
with Mr. Shakeel. Also pursuant to this amendment, the remaining 659,200 shares of restricted stock that were
scheduled to vest on January 1, 2008 will instead vest on June 29, 2007 if Mr. Shakeel is employed by us on that
date.
(10) This amount represents the final annual installment paid to Mr. Shakeel upon the final July 1, 2005 vesting of
“share units” awarded to him pursuant to his Long-Term Retention Agreement. The Long-Term Retention
Agreement pursuant to which Mr. Shakeel received these share units is described below under “Employment
Contracts, Termination of Employment and Change-in-Control Arrangements.”
(11) This amount represents the payment of two annual installments under a Long-Term Retention Agreement with
Mr. Shakeel: the first is a 2003 installment of $2,305,000 and the second is a 2004 installment of $2,598,000. We
are reporting the combined amount of $4,903,000 in the table as a fiscal 2004 payment because the annual
installment vesting of the “share units” underlying the payments occurred on July 1, 2003 and July 1, 2004. Each
of these dates was part of fiscal 2004 because fiscal 2004 commenced June 28, 2003 and ended July 2, 2004. The
Long-Term Retention Agreement pursuant to which Mr. Shakeel received these share units is described below
under “Employment Contracts, Termination of Employment and Change-in-Control Arrangements.”
(12) Mr. Coyne became an executive officer of Western Digital in fiscal 2005 and therefore we are providing no
information prior to such year.
(13) This amount includes a $75,000 retention bonus earned by Mr. Coyne pursuant to the Long-Term Retention
Agreement described below under “Employment Contracts, Termination of Employment and Change-in-Control
Arrangements.”
(14) Consists of tax equalization payments paid by us on behalf of Mr. Coyne with respect to his services in Malaysia.
(15) This amount includes a one-time discretionary bonus of $102,438 paid to Mr. Bukaty.
(16) Dr. Moghadam became an executive officer of Western Digital in fiscal 2005 and therefore we are providing no
information prior to such year.
(17) This amount includes a $112,500 retention bonus earned by Dr. Moghadam pursuant to the Long-Term Retention
Agreement described below under “Employment Contracts, Termination of Employment and Change-in-Control
Arrangements.”
(18) This amount includes a $35,000 retention bonus earned by Mr. Milligan upon completion of twenty-four months
of employment with us.
(19) This amount consists of a retention bonus earned by Mr. Milligan upon completion of twelve months of
employment with us.
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