SEC Form 4 · accession 0001140361-17-008560
WESTLAKE CORP · WLK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence E. Teel
Officer — SVP, Olefins
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 4:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001262823
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $61.865 | Feb 17, 2017 | A | 10,340 | A | — | Feb 17, 2027 | Common Stock | 10,340 | 10,340 | D |
| Restricted Stock UnitsF2,F3 | — | Feb 17, 2017 | A | 2,647 | A | — | — | Common Stock | 2,647 | 2,647 | D |
Explanation of responses
- F1The stock options are exercisable in three installments of 33%, 33% and 34% on February 17, 2018, 2019 and 2020, respectively.
- F2Each restricted stock unit represents a contingent right to receive one share of Westlake Chemical Corporation common stock.
- F3The restricted stock units will vest 3 years from the date of grant (February 17, 2020).