SEC Form 4 · accession 0001140361-17-007937
WESTLAKE CORP · WLK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Chao
Officer — Chairman · Director · 10% Owner
Period of report
Feb 14, 2017
Accepted (ET)
Feb 16, 2017 · 4:13 pm EST
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 | Feb 14, 2017 | M | 10,274 | — | A | 121,806 | D | |
| Common Stock | Feb 15, 2017 | F | 2,837 | $64.01 | D | 118,969 | D | |
| Common StockF3 | 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 | — | Feb 14, 2017 | M | 10,274 | D | — | — | Common Stock | 10,274 | 0 | D |
Explanation of responses
- F1Restricted stock units convert into Issuer's common stock on a one-for-one basis.
- F2On February 14, 2014, the reporting person was granted 10,274 restricted stock units vesting on the third anniversary of the grant date.
- F392,010,554 shares of Issuer 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, indirectly or directly, 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.