WESTLAKE CORP — Director's Dealing 2020

Feb 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WESTLAKE CHEMICAL CORP (WLK)
CIK: 0001262823
Period of Report: 2020-02-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-21	Common Stock	M	68698	$10.26	Acquired	421448	Direct
2020-02-21	Common Stock	S	51592	$62.42	Disposed	369856	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-21	Employee Option (right to buy)	$10.26	M	68698	Disposed	2020-02-26	Common Stock (68698)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	92010554	Indirect

Footnotes

F1: A portion of the sale proceeds were used to cover the strike price and related taxes in regards to the excercise of the options disclosed in Table II.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $62.15 to $62.72, 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 stock options are excercisable in three equal installments on February 26, 2011, 2012 and 2013.

F4: 92,010,554 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 his pecuniary interest therein.