SEC Form 4 · accession 0001140361-18-023026
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
May 10, 2018
Accepted (ET)
May 11, 2018 · 3:33 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 Stock | May 10, 2018 | M | 7,652 | $10.4125 | A | 54,730 | D | |
| Common Stock | May 10, 2018 | S | 52 | $117.01 | D | 54,678 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Option (right to buy)F1,F2 | $10.4125 | May 10, 2018 | M | 7,652 | A | — | Aug 15, 2018 | Common Stock | 7,652 | 0 | D |
Explanation of responses
- F1Values and amounts reflect the results of a two-for-one stock split on March 18, 2014.
- F2The stock options are exercisable in four equal installments on August 15, 2009, 2010, 2011 and 2012.
- 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.