SEC Form 4 · accession 0001140361-15-018532
WESTLAKE CORP · WLK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Kenner
Officer — VP - Manufacturing
Period of report
May 8, 2015
Accepted (ET)
May 8, 2015 · 4:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001262823
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 6, 2015 | M | 6,092 | $30.0525 | A | 18,273 | D | |
| Common Stock | May 6, 2015 | M | 2,526 | $22.915 | A | 20,799 | D | |
| Common StockF1 | May 6, 2015 | S | 8,618 | $72.269 | D | 12,181 | D | |
| Common StockF2 | May 6, 2015 | S | 2,161 | $72.3169 | D | 10,020 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Option (right to buy)F3 | $30.0525 | May 6, 2015 | M | 6,092 | D | — | Feb 17, 2022 | Common Stock | 6,092 | 0 | D |
| Employee Option (right to buy)F4 | $22.915 | May 6, 2015 | M | 2,526 | D | — | Feb 18, 2021 | Common Stock | 2,526 | 0 | D |
Explanation of responses
- F1In accordance with the Securities and Exchange Commission's No Action Letter dated June 25, 2008, we have aggregated the sales that occurred on May 6, 2015 for ease of reporting. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $72.25 to $72.34, inclusive. The reporting person undertakes to provide to Westlake Chemical Corp., any security holder of Westlake Chemical Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.
- F2In accordance with the Securities and Exchange Commission's No Action Letter dated June 25, 2008, we have aggregated the sales that occurred on May 6, 2015 for ease of reporting. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $72.31 to $72.34, inclusive. The reporting person undertakes to provide to Westlake Chemical Corp., any security holder of Westlake Chemical Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.
- F3The stock options are exercisable in three installments of 33%, 33% and 34% on February 17, 2013, 2014 and 2015, respectively.
- F4The stock options are exercisable in three installments of 33%, 33% and 34% on February 18, 2012, 2013 and 2014, respectively.