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WESTLAKE CORP — Director's Dealing 2014
Jun 10, 2014
30551_dirs_2014-06-10_e592b5db-0596-4ebf-a9b0-6279e4d3c1b6.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: WESTLAKE CHEMICAL CORP (WLK)
CIK: 0001262823
Period of Report: 2014-06-09
Reporting Person: Chao James (Director, Chairman, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-06-09 | Common Stock | M | 10108 | $45.6975 | Acquired | 110234 | Direct |
| 2014-06-09 | Common Stock | M | 32838 | $30.0525 | Acquired | 143072 | Direct |
| 2014-06-09 | Common Stock | S | 42946 | $82.0106 | Disposed | 100126 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-06-09 | Employee Option (right to buy) | $45.6975 | M | 10108 | Disposed | 2023-02-15 | Common Stock (10108) | Direct |
| 2014-06-09 | Employee Option (right to buy) | $30.0525 | M | 32838 | Disposed | 2022-02-17 | Common Stock (32838) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 40000 | Indirect |
| Common Stock | 92010554 | Indirect |
Footnotes
F1: In accordance with the Securities and Exchange Commission's No Action Letter dated June 25, 2008, we have aggregated the sales that occurred on June 9, 2014 for ease of reporting. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $81.79 to $82.34, 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 (1) to this Form 4.
F2: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F3: Values and amounts reflect the results of a two-for-one stock split on March 18, 2014.
F4: The stock options are exercisable in three installments of 33%, 33% and 34% on February 15, 2014, 2015 and 2016, respectively.
F5: The stock options are exercisable in three installments of 33%, 33% and 34% on February 17, 2013, 2014 and 2015, respectively.