SEC Form 4 · accession 0001140361-15-021895
WESTLAKE CORP · WLK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey L Taylor
Officer — Sr VP, Polyethylene
Period of report
May 26, 2015
Accepted (ET)
May 27, 2015 · 4:26 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 26, 2015 | M | 3,112 | $30.0525 | A | 24,615 | D | |
| Common Stock | May 26, 2015 | M | 1,720 | $63.9775 | A | 26,335 | D | |
| Common Stock | May 26, 2015 | M | 2,014 | $45.6975 | A | 28,349 | D | |
| Common StockF1 | May 26, 2015 | S | 6,846 | $70.584 | D | 21,503 | D | |
| Common Stock | May 26, 2015 | S | 1,297 | $70.5001 | D | 20,206 | 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)F2 | $30.0525 | May 26, 2015 | M | 3,112 | D | — | Feb 17, 2022 | Common Stock | 3,112 | 0 | D |
| Employee Option (right to buy)F3 | $63.9775 | May 26, 2015 | M | 1,720 | D | — | Feb 14, 2024 | Common Stock | 1,720 | 3,494 | D |
| Employee Option (right to buy)F4 | $45.6975 | May 26, 2015 | M | 2,014 | D | — | Feb 15, 2023 | Common Stock | 2,014 | 2,014 | 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 26, 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 $70.5609 to $70.5894, 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.
- F2The stock options are exercisable in three installments of 33%, 33% and 34% on February 17, 2013, 2014 and 2015, respectively.
- F3The stock options are exercisable in three installments of 33%, 33% and 34% on February 14, 2015, 2016 and 2017, respectively.
- F4The stock options are exercisable in three installments of 33%, 33% and 34% on February 15, 2014, 2015 and 2016, respectively.