SEC Form 4 · accession 0000106640-19-000034
WHIRLPOOL CORP /DE/ · WHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shengpo Wu
Officer — EVP AND PRESIDENT, ASIA
Period of report
Feb 19, 2019
Accepted (ET)
Feb 21, 2019 · 4:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000106640
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 19, 2019 | M | 296 | $0.00 | A | 3,290 | D | |
| Common Stock | Feb 19, 2019 | F | 56 | $141.55 | D | 3,234 | D | |
| Common Stock | Feb 19, 2019 | D | 148 | $0.00 | D | 3,086 | D | |
| Common Stock | Feb 20, 2019 | M | 195 | $0.00 | A | 3,281 | D | |
| Common Stock | Feb 20, 2019 | F | 73 | $142.70 | D | 3,208 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Feb 19, 2019 | M | 296 | D | Feb 19, 2019 | — | Common Stock | 296 | 572 | D |
| Deferred StockF2 | — | Feb 19, 2019 | A | 148 | A | — | — | Common Stock | 148 | 148 | D |
| Restricted Stock UnitsF3 | — | Feb 20, 2019 | M | 195 | D | Feb 20, 2019 | — | Common Stock | 195 | 195 | D |
Explanation of responses
- F1Vesting of restricted stock unit award made under the Whirlpool Corporation Omnibus Stock and Incentive Plan in a transaction exempt under Rule 16b-3. Remaining restricted stock units will vest and convert one-for-one to shares as follows: one-half on 2/19/2020 and one-half on 2/19/2021.
- F2Upon the vesting of restricted stock units on 2/19/2019, the reporting person deferred the receipt of 148 shares of common stock pursuant to Whirlpool's Executive Deferred Savings Plan II. As a result, the reporting person is reporting the disposition of 148 shares of common stock in exchange for an equal number of shares of deferred stock. The deferred stock is payable following the reporting person's termination of employment with Whirlpool Corporation.
- F3Vesting of restricted stock unit award made under the Whirlpool Corporation Omnibus Stock and Incentive Plan in a transaction exempt under Rule 16b-3. Remaining restricted stock units will vest and convert one-for-one to shares on 2/20/2020.