EX-5.1 3 sndkex51-legalopinionsx8sm.htm OPINION OF LATHAM & WATKINS LLP SNDK Ex 5.1 - Legal Opinion (S-8 SMART Storage 2011 Incentive Plan)
Exhibit 5.1

Latham & Watkins LLP
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October 18, 2013
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SanDisk Corporation
951 SanDisk Drive
Milpitas, California 95035
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Washington, D.C.
Re:
Registration Statement on Form S-8;
183,069 shares of Common Stock, par value $0.001 per share

Ladies and Gentlemen:

We have acted as special counsel to SanDisk Corporation, a Delaware corporation (the “Company”), in connection with the registration by the Company of 183,069 shares of common stock, par value $0.001 per share (the “Shares”), of the Company issuable pursuant to outstanding stock options assumed by the Company pursuant to the terms of that certain Stock Purchase Agreement, dated as of July 2, 2013, by and between the Company, SanDisk Manufacturing, SMART Storage Systems (Global Holdings), Inc., (“SMART”), and solely for the purposes specified therein, Saleen Holdings, Inc., Saleen Intermediate Holdings, Inc. and SMART Worldwide Holdings, Inc. (the “Purchase Agreement”). Pursuant to the Purchase Agreement, the Company assumed certain outstanding stock options of SMART under the SMART Storage Systems (Global Holdings), Inc. 2011 Share Incentive Plan (the “Plan”). The Shares are included in a registration statement on Form S-8 under the Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on October 18, 2013 (the “Registration Statement”). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or related prospectus, other than as expressly stated herein with respect to the issue of the Shares.

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the General Corporation Law of the State of Delaware (the “DGCL”) and we express no opinion with respect to any other laws.

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, when the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the holders and have been issued by the Company for legal consideration in excess of par value in the circumstances contemplated by the Plan, assuming in each case that the individual grants or awards under the Plan have been duly exercised in accordance with the requirements of law and the Plan (and the agreements and awards duly adopted thereunder and in accordance therewith), the issuance and sale of the Shares will have been



October 18, 2013
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Latham & Watkins LLP

duly authorized by all necessary corporate action of the Company, and the Shares will be validly issued, fully paid and nonassessable. In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares provided in the DGCL.

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

Very truly yours,

/s/ Latham & Watkins LLP