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WESTLAKE CORP — Director's Dealing 2014
Feb 28, 2014
30551_dirs_2014-02-28_648f339c-0d26-4515-b775-cb895843d01f.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: 2014-02-27
Reporting Person: Taylor Jeffrey L (Sr VP, Polyethylene)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-02-27 | Common Stock | M | 1295 | $45.83 | Acquired | 13023 | Direct |
| 2014-02-27 | Common Stock | M | 1555 | $60.105 | Acquired | 14578 | Direct |
| 2014-02-27 | Common Stock | M | 1006 | $91.395 | Acquired | 15584 | Direct |
| 2014-02-27 | Common Stock | S | 4314 | $132.6179 | Disposed | 11270 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-02-27 | Employee Option (right to buy) | $45.83 | M | 1295 | Disposed | 2021-02-18 | Common Stock (1295) | Direct |
| 2014-02-27 | Employee Option (right to buy) | $60.105 | M | 1555 | Disposed | 2022-02-17 | Common Stock (1555) | Direct |
| 2014-02-27 | Employee Option (right to buy) | $91.395 | M | 1006 | Disposed | 2023-02-15 | Common Stock (1006) | Direct |
Footnotes
F1: The stock options are exercisable in three installments of 33%, 33% and 34% on February 18, 2012, 2013 and 2014, respectively.
F2: The stock options are exercisable in three installments of 33%, 33% and 34% on February 17, 2013, 2014 and 2015, respectively.
F3: The stock options are exercisable in three installments of 33%, 33% and 34% on February 15, 2014, 2015 and 2016, respectively.
F4: In accordance with the Securities and Exchange Commission's No Action Letter dated June 25, 2008, we have aggregated the sales that occurred on February 27, 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 $132.38 to $132.78, inclusive. The reporting person undertakes to provide to Westlake Chemical Corporation, any security holder of Westlake Chemical Corporation 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 (4) to this Form 4.