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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and
Issuer Purchases of Equity Securities.
Our common stock is listed on the New York Stock Exchange, Inc. (“NYSE”) under the symbol “WDC”. The
approximate number of holders of record of our common stock as of November 15, 2006 was 2,401.
We have not paid any cash dividends on our common stock and do not intend to pay any cash dividends on common
stock in the foreseeable future. Our $125 million credit facility prohibits us from paying cash dividends on our common
stock.
The high and low sales prices of our common stock, as reported by the NYSE, for each quarter of 2006 and 2005 are
as follows:
First Second Third Fourth
2006
High .............................. $15.08 $18.93 $24.18 $21.79
Low............................... 12.29 11.35 18.67 17.43
2005
High .............................. $ 9.13 $11.00 $13.12 $16.10
Low............................... 6.39 7.95 9.84 11.64
The following table provides information about repurchases by us of our common stock during the quarter ended
June 30, 2006:
Total Number
of Shares
Purchased
Average Price
Paid per Share(1)
Total Number of
Shares Purchased as
Part of Publicly
Announced
Program
Maximum Value of
Shares that May Yet
be Purchased
Under the
Program(2)
April 1, 2006 — April 28, 2006 ..... 5,895(3) $19.3700 — $145,740,573
April 29, 2006 — May 26, 2006 ..... 216,363(4) $19.0838 202,500 $141,898,252
May 27, 2006 — June 30, 2006...... 314,400 $19.0074 314,400 $135,922,313
Total ....................... 536,658 $19.0422 516,900 $135,922,313
(1) Average price paid per share excludes commission.
(2) Our Board of Directors has authorized us to repurchase $250 million of our common stock in open market
transactions. The term of the program is a five-year period from November 17, 2005 to November 17, 2010.
(3) Represents shares delivered by employees to us to satisfy tax-withholding obligations upon the vesting of restricted
stock.
(4) Represents 202,500 shares purchased in open-market transactions and 13,863 shares delivered by employees to us to
satisfy tax-withholding obligations upon the vesting of restricted stock.
29