SanDisk Corporation Statement Regarding Computation of Per Share Earnings (In thousands, except per share data; unaudited) Three months ended, March 31, 1997 1996 ------- ------- Net income $ 2,125 $ 3,054 Computations of weighted average common and common equivalent shares outstanding: Weighted average common shares outstanding 22,398 22,024 Common stock options 1,709 2,179 ------- ------- Shares used in computing net income per share 24,107 24,203 ======= ======= Net income per share applicable to common stockholders $ 0.09 $ 0.13 ======= =======