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WESTERN DIGITAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Ì (Continued)
and vested over periods from one to four years. Options granted under the Prior Stock Plans expire either five or ten years
from the date of grant.
In November 2004, the Company's shareholders approved the 2004 Performance Incentive Plan. The types of
awards that may be granted under the 2004 Performance Incentive Plan include stock options, stock appreciation rights,
restricted stock, stock bonuses and other forms of awards granted or denominated in the Company's common stock or
units of the Company's common stock, as well as certain cash bonus awards. Persons eligible to receive awards under the
2004 Performance Incentive Plan include officers or employees of the Company or any of its subsidiaries, directors of the
Company and certain consultants and advisors to the Company or any of its subsidiaries. The vesting of awards under the
Performance Incentive Plan is determined at the date of grant by the Compensation Committee of the Board of Directors.
Each award expires on a date determined at the date of grant; however, the maximum term of options, stock appreciation
rights and other rights to acquire common stock under the 2004 Performance Incentive Plan is ten years after the grant
date of the award.
As of July 1, 2005, the maximum number of shares of the Company's common stock that are authorized for award
grants under the 2004 Performance Incentive Plan is 8.4 million shares. Any shares subject to awards under the Prior
Stock Plans that are cancelled, forfeited, or otherwise terminate without having vested or been exercised, as applicable,
will become available for other award grants under the 2004 Performance Incentive Plan. The 2004 Performance
Incentive Plan will terminate on September 21, 2014 unless terminated earlier by the Company's Board of Directors.
The following table summarizes activity under the Stock Plans (in millions, except per share amounts):
Weighted Average
Number Exercise Price
of Shares Per Share
Options outstanding at June 28, 2002 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 29.1 $ 6.54
Granted ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 5.6 4.61
ExercisedÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (8.8) 4.19
Canceled or expired ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (0.9) 7.69
Options outstanding at June 27, 2003 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 25.0 6.89
Granted ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 4.4 11.70
ExercisedÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (3.0) 5.08
Canceled or expired ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (1.3) 10.94
Options outstanding at July 2, 2004ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 25.1 7.75
Granted ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 4.4 10.05
ExercisedÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (9.2) 5.26
Canceled or expired ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ (0.8) 9.07
Options outstanding at July 1, 2005ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 19.5 9.39
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