XMEX:SNDK SanDisk Corp Insider Activity 4 Filing - 2/24/2012

Effective Date 2/24/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Brelsford James F.
  2. Issuer Name and Ticker or Trading Symbol
SANDISK CORP [SNDK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP & Chief Legal Officer
(Last)
(First)
(Middle)
601 MCCARTHY BLVD.
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2012
(Street)

MILPITAS, CA 95035
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/24/2012   M   1,000(1) A $49.14 2,422 D  
Common Stock 02/24/2012   F   366(2) D $49.14 2,056 D  
Common Stock 02/27/2012   M   1,005 A $25.18 3,061 D  
Common Stock 02/27/2012   M   938 A $14.57 3,999 D  
Common Stock 02/27/2012   M   2,500 A $8.16 6,499 D  
Common Stock 02/27/2012   M   2,250 A $28.23 8,749 D  
Common Stock 02/27/2012   S   8,749 D $49.4544(3)(4) 0 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (5) 02/24/2012   M     1,000   (6) 02/23/2017 Common Stock 1,000 $ 0 2,000 D  
Employee Stock Option $25.18 02/27/2012   M   1,005     (7) 02/18/2015 Common Stock 1,005 $ 0 0 D  
Employee Stock Option $14.57 02/27/2012   M   938     (7) 07/22/2015 Common Stock 938 $ 0 1,875 D  
Employee Stock Option $8.16 02/27/2012   M   2,500     (7) 03/04/2016 Common Stock 2,500 $ 0 12,500 D  
Employee Stock Option $28.23 02/27/2012   M   2,250     (7) 02/18/2015 Common Stock 2,250 $ 0 9,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Brelsford James F.
601 MCCARTHY BLVD.
MILPITAS, CA 95035
      SVP & Chief Legal Officer  

Signatures

 Sharon L. Spehar - Attorney In Fact for James F. Brelsford   02/28/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Reflects the number of shares of Common Stock acquired in connection with the vesting of restricted stock units granted to the Reporting Person by the Issuer.
(2) Reflects the number of shares of Common Stock withheld by the Issuer to pay the tax liability of the Reporting Person resulting in a net issuance of the Issuer's Common Stock.
(3) The prices for the transactions on this line ranged from $49.45 to $49.48.
(4) Full Information regarding the number of shares sold at each separate price will be provided, upon request, to the Commission staff, the issuer or a security holder of the issuer
(5) Each restricted stock unit represents the right to receive one share of SanDisk Common Stock.
(6) The award shall vest in four successive equal annual installments measured from the vesting commencement date.
(7) Option Grant shall become exercisable with respect to (i) 25% of the option shares upon optionee's completion of 1 year of service from the vesting commencement date and (ii) the balance of the option shares in equal annual installments upon optionee's completion of each of the next 36 months of service measured from and after the 1st anniversary of vesting commencement date.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

XMEX:SNDK SanDisk Corp Insider Activity 4 Filling

SanDisk Corp XMEX:SNDK Stock - Get Insider Activity SEC Filing of SanDisk Corp XMEX:SNDK stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XMEX:SNDK SanDisk Corp Insider Activity 4 Filing - 2/24/2012
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