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WESTLAKE CORP — Director's Dealing 2021
Feb 26, 2021
30551_dirs_2021-02-26_59216870-53f6-4fb6-b857-877e065a75b9.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: 2021-02-25
Reporting Person: Teel Lawrence E. (EVP and Special Advisor to CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-25 | Common Stock | M | 4060 | $44.42 | Acquired | 13865 | Direct |
| 2021-02-25 | Common Stock | M | 7861 | $65.8125 | Acquired | 21726 | Direct |
| 2021-02-25 | Common Stock | M | 9698 | $79.83 | Acquired | 31424 | Direct |
| 2021-02-25 | Common Stock | M | 6928 | $61.865 | Acquired | 38352 | Direct |
| 2021-02-25 | Common Stock | S | 28547 | $86.927 | Disposed | 9805 | Direct |
| 2021-02-25 | Common Stock | S | 4902 | $87.14 | Disposed | 4903 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-02-25 | Employee Option (right to buy) | $44.420 | M | 4060 | Disposed | 2026-02-18 | Common Stock (4060) | Direct |
| 2020-02-25 | Employee Option (right to buy) | $65.8125 | M | 7861 | Disposed | 2030-02-14 | Common Stock (7861) | Direct |
| 2020-02-25 | Employee Option (right to buy) | $79.83 | M | 9698 | Disposed | 2029-02-15 | Common Stock (9698) | Direct |
| 2020-02-25 | Employee Option (right to buy) | $61.865 | M | 6928 | Disposed | 2027-02-17 | Common Stock (6928) | Direct |
Footnotes
F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $86.85 to $87.38, 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 stock options are excercisable in three installments of 33%, 33% and 34% on February 18, 2017, 2018 and 2019.
F3: The stock options are excercisable in three installments of 33%, 33% and 34% on February 14, 2021, 2022 and 2023.
F4: The stock options are excercisable in three installments of 33%, 33% and 34% on February 15, 2020, 2021 and 2022.
F5: The stock options are excercisable in three installments of 33%, 33% and 34% on February 17, 2018, 2019 and 2020.