SEC Form 4 · accession 0001140361-17-032558
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 17, 2017
Accepted (ET)
Aug 17, 2017 · 12:47 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 17, 2017 | M | 1,003 | — | A | 46,118 | D | |
| Common StockF2 | holding | — | — | — | 92,010,554 | I | TTWF LP and TTWF GP 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,F3 | — | Aug 17, 2017 | M | 1,003 | D | — | — | Common Stock | 1,003 | 2,006 | D |
Explanation of responses
- F1Restricted stock units convert into Issuer's common stock on an one-for-one basis.
- F292,010,554 shares of common stock of the 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 TTWF GP 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 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 powers with respect to the shares owned by TTWF LP. The reporting person disclaims beneficial interest of the shares except to the extent of her pecuniary interests therein.
- F3On August 17, 2016, the reporting person was granted 3,009 restricted stock units vesting on three equal installments beginning on the first anniversary of the grant date.