WESTLAKE CORP — Director's Dealing 2020

Nov 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WESTLAKE CHEMICAL CORP (WLK)
CIK: 0001262823
Period of Report: 2020-11-06

Reporting Person: Chao Albert (Director, President & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-06	Common Stock	M	55148	$22.915	Acquired	482804	Direct
2020-11-06	Common Stock	S	28638	$72.08	Disposed	454166	Direct
2020-11-06	Common Stock	S	11978	$73.30	Disposed	442188	Direct
2020-11-06	Common Stock	S	10334	$74.29	Disposed	431854	Direct
2020-11-06	Common Stock	S	4198	$75.12	Disposed	427656	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-06	Employee Option (right to buy)	$22.915	M	55148	Disposed	2021-02-18	Common Stock (55148)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	93405554	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $71.80 to $72.80, 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.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $72.82 to $73.79, 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.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $73.89 to $74.87, 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.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $74.96 to $75.23, 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.

F5: The stock options are excercisable in three equal installments on February 18, 2012, 2013 and 2014.

F6: 93,405,554 shares of Issuer are held through TTWF LP, a Delaware limited partnership, and TTWF GP LLC, a Delaware limited liability company and the general partner of TTWF LP. Two trusts for the benefit of members of the Chao family, including the reporting person, are the managers of TTWFGP LLC. 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 and TTWFGP LLC. The reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.