SEC Form 4 · accession 0001567619-19-004783
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 15, 2019
Accepted (ET)
Feb 19, 2019 · 12:45 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 | $79.83 | Feb 15, 2019 | A | 55,766 | A | — | Feb 15, 2029 | Common Stock | 55,766 | 55,766 | D |
| Restricted Stock UnitsF2,F3 | — | Feb 15, 2019 | A | 14,683 | A | — | — | Common Stock | 14,683 | 14,683 | D |
Explanation of responses
- F1The stock options are excercisable in three installments of 33%, 33% and 34% on February 15, 2020, 2021 and 2022, respectively.
- F2Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F3All of the restricted stock units will vest on February 15, 2022.