SEC Form 4 · accession 0001140361-18-012222
WESTLAKE CORP · WLK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Kenner
Officer — SVP - Chemical Manufacturing
Period of report
Mar 5, 2018
Accepted (ET)
Mar 6, 2018 · 2:48 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 Stock | Mar 5, 2018 | M | 5,952 | $45.6975 | A | 20,005 | D | |
| Common Stock | Mar 5, 2018 | M | 5,214 | $63.9775 | A | 25,219 | D | |
| Common Stock | Mar 5, 2018 | M | 6,007 | $68.09 | A | 31,226 | D | |
| Common Stock | Mar 5, 2018 | M | 7,145 | $44.42 | A | 38,371 | D | |
| Common StockF1 | Mar 5, 2018 | S | 24,318 | $110.61 | D | 14,053 | 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 | $45.6975 | Mar 5, 2018 | M | 5,952 | D | — | Feb 15, 2023 | Common Stock | 5,952 | 0 | D |
| Employee Option (right to buy)F3 | $63.9775 | Mar 5, 2018 | M | 5,214 | D | — | Feb 14, 2024 | Common Stock | 5,214 | 0 | D |
| Employee Option (right to buy)F4 | $68.09 | Mar 5, 2018 | M | 6,007 | D | — | Feb 20, 2025 | Common Stock | 6,007 | 0 | D |
| Employee Option (right to buy)F5 | $44.42 | Mar 5, 2018 | M | 7,145 | D | — | Feb 18, 2026 | Common Stock | 7,145 | 3,682 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $110.45 to $110.75, 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.
- F2The stock options are excercisable in three installments of 33%, 33% and 34% on February 15, 2014, 2015 and 2016.
- F3The stock options are excercisable in three installments of 33%, 33% and 34% on February 14, 2015, 2016 and 2017.
- F4The stock options are excercisable in three installments of 33%, 33% and 34% on February 20, 2016, 2017 and 2018.
- F5The stock options are excercisable in three installments of 33%, 33% and 34% on February 18, 2017, 2018 and 2019.