Western Digital 2006 Annual Report Download - page 89

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Option/SAR Grants in Last Fiscal Year
The following table sets forth information regarding stock options to purchase shares of our common stock granted
to the Named Executive Officers during fiscal 2006 and the potential realizable value at certain assumed rates of stock
price appreciation for the option term. These assumed rates are in accordance with the rules of the Securities and Exchange
Commission and do not represent our estimate of future stock price. Actual gains, if any, on stock option exercises will be
dependent on the future performance of our common stock.
Name
Number of
Securities
Underlying
Options/SARs*
Granted(1)
% of Total
Options/SARs*
Granted to
Employees in
Fiscal Year
Exercise
or Base
Price ($/Sh)
Expiration
Date 5% ($) 10% ($)
Potential Realizable
Value at Assumed
Annual Rates of Stock
Price Appreciation for
Option Term
Individual Grants
Matthew E. Massengill . . . — — — — — —
Arif Shakeel . . . . . . . . . . — — — — — —
John F. Coyne . . . . . . . . . 65,000 5.51 20.13 5/11/2016 822,877 2,085,332
250,000 21.17 13.76 11/17/2015 2,163,398 5,482,474
Raymond M. Bukaty . . . . . — — — — —
Hossein M. Moghadam . . . 14,017 1.19 23.97 2/16/2016 211,301 535,478
Stephen D. Milligan . . . . . — — — — — —
* We have not historically granted Stock Appreciation Rights.
(1) All of these options to purchase shares of our common stock were granted under our 2004 Performance Incentive
Plan and were granted at fair market value on the date of grant. Options become exercisable as to 25% of the total
number of shares granted on the first anniversary of the grant date and 6.25% at the end of each three-month period
thereafter, except that the option grant to Mr. Coyne covering 250,000 shares of our common stock vests in three
equal annual installments beginning on the first anniversary of the grant date. All options have a term of 10 years,
subject to earlier termination in connection with termination of employment. The Compensation Committee
administers the 2004 Performance Incentive Plan and has broad discretion and authority to construe and interpret
the plan.
Aggregated Option/SAR Exercises in Last Fiscal Year and Fiscal Year-End Option/SAR Values
The following table sets forth the option exercises by the Named Executive Officers in fiscal 2006, the number of
shares covered by exercisable and unexercisable options held by the Named Executive Officers on June 30, 2006, and the
aggregate gains that would have been realized had these options been exercised on June 30, 2006 even though these options
were not exercised, and the unexercisable options could not have been exercised, on June 30, 2006.
Name
Shares
Acquired on
Exercise (#)
Value
Realized
($)(1) Exercisable Unexercisable Exercisable Unexercisable
Number of Securities
Underlying Unexercised
Options/SARs*
At Fiscal Year End (#)
Value of Unexercised
In-the-Money
Options/SARs*
At Fiscal Year End ($)(2)
Matthew E.
Massengill ........ 802,705 8,780,071 380,900 231,250 2,119,652 2,005,500
Arif Shakeel ......... 237,500 2,798,140 40,625 156,250(3) 318,500 1,321,250(3)
John F. Coyne ........ 52,494 597,190 66,252 375,935 224,224 2,127,474
Raymond M. Bukaty . . . 70,200 1,246,364 138,439 69,561 1,330,921 613,179
Hossein M.
Moghadam ........ 60,312 396,502 28,188 73,079 355,653 599,467
Stephen D. Milligan . . . 161,532 2,525,092 28,626 85,842 338,825 823,948
* We have not historically granted Stock Appreciation Rights.
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