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WESTERN DIGITAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (Continued)
The following table summarizes information about options outstanding and exercisable under the Stock Plans as
of June 28, 2013 (in millions, except exercise price):
Options Outstanding
Options Exercisable
Range of
Exercise Prices
Number
of Shares
Weighted Average
Remaining
Contractual Life
(in years)
Weighted Average
Exercise Price
Number
of Shares
Weighted Average
Exercise Price
$
6.67 $19.60
2.4
3.1
$10.77
1.5
$13.15
$ 19.89 $26.17
2.7
3.3
24.95
1.9
24.55
$ 26.80 $35.74
2.3
4.6
29.80
1.0
29.69
$ 35.75 $41.75
1.4
4.6
37.54
0.7
36.60
$ 43.11 $64.61
3.1
6.2
43.70
--
43.11
11.9
4.4
$29.47
5.1
$24.05
RSU Activity
The following table summarizes RSU activity (in millions, except weighted average grant date fair value):
Number
of Shares
Weighted Average
Grant Date
Fair Value
RSUs outstanding at July 2, 2010 . . . . . . . . . . . . . . .
3.1
$28.43
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.0
26.75
Vested . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(0.8)
24.03
Forfeited or expired . . . . . . . . . . . . . . . . . . . . . . . . . .
(0.2)
32.41
RSUs outstanding at July 1, 2011 . . . . . . . . . . . . . . .
3.1
$28.85
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.6
32.87
Assumed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
0.4
38.98
Vested . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1.3)
24.58
Forfeited or expired . . . . . . . . . . . . . . . . . . . . . . . . . .
(0.1)
32.01
RSUs outstanding at June 29, 2012 . . . . . . . . . . . . . .
3.7
$33.19
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.7
43.14
Vested . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1.4)
37.89
Forfeited or expired . . . . . . . . . . . . . . . . . . . . . . . . . .
(0.4)
35.46
RSUs outstanding at June 28, 2013 . . . . . . . . . . . . . .
3.6
$35.82
Expected to vest after June 28, 2013 . . . . . . . . . . . . .
3.4
$35.68
The fair value of each RSU is the market price of the Company's stock on the date of grant. RSUs are generally
payable in an equal number of shares of the Company's common stock at the time of the vesting of the units. The
aggregate value of RSUs that became fully-vested during 2013, 2012 and 2011 was $71 million, $41 million and
$23 million, respectively, determined as of the vest date. The grant-date fair value of the shares underlying the RSU
awards at the date of grant or assumption was $74 million, $71 million and $26 million in 2013, 2012 and 2011,
respectively. These amounts are being recognized to expense over the corresponding vesting periods. For purposes of
valuing these awards, the Company has assumed a forfeiture rate of 2.0%, 2.4% and 1.8% during 2013, 2012 and
2011, respectively, based on a historical analysis indicating forfeitures for these types of awards.
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