SEC Form 4 · accession 0001140361-15-033418
WESTLAKE CORP · WLK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dorothy C Jenkins
Director · 10% Owner
Period of report
Aug 22, 2015
Accepted (ET)
Aug 25, 2015 · 4:45 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 StockF1 | Aug 22, 2015 | M | 357 | — | A | 39,141 | D | |
| Common StockF1 | Aug 23, 2015 | M | 586 | — | A | 39,727 | D | |
| Common StockF4 | holding | — | — | — | 92,010,554 | I | TTWF LP & TTWFGP LLC |
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,F2 | — | Aug 22, 2015 | M | 357 | D | — | — | Common Stock | 357 | 714 | D |
| Restricted Stock UnitsF1,F3 | — | Aug 23, 2015 | M | 586 | D | — | — | Common Stock | 586 | 588 | D |
Explanation of responses
- F1Restricted stock units convert into Issuer's common stock on a one-for-one basis.
- F2On August 22, 2014, the reporting person was granted 1,071 restricted stock units vesting in three equal annual installments beginning on the first anniversary of the grant date.
- F3On August 23, 2013, the reporting person was granted 1,760 restricted stock units (such number takes into account the Issuer's two-for-one stock split on March 18, 2014) vesting in three equal annual installments beginning on the first anniversary of the grant date.
- F492,010,554 shares are held through TTWF LP, a Delaware limited partnership. Two trusts for the benefit of members of the Chao family, including the reporting person, are the managers of TTWFGP LLC, a Delaware limited liability company that is the general partner of TTWF LP. The limited partners of TTWF LP are five trusts, principally for the benefit of members of the Chao family, including the reporting person, and two corporations owned, directly or indirectly, by certain of these trusts and by other entities owned by members of the Chao family, including the reporting person. The reporting person shares investment and voting power with respect to the shares beneficially owned by TTWF LP. The reporting person disclaims beneficial ownership of the shares except to the extent of her pecuniary interest therein.