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WHIRLPOOL CORP /DE/ Director's Dealing 2005

Feb 18, 2005

31015_dirs_2005-02-18_7a309d98-94bd-44e6-a364-71fffa523482.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WHIRLPOOL CORP /DE/ (WHR)
CIK: 0000106640
Period of Report: 2005-02-18

Reporting Person: SWIFT DAVID L (EXECUTIVE VICE PRESIDENT)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-02-18 Common Stock M 30000 $49.60 Acquired 34181 Direct
2005-02-18 Common Stock S 29000 $62.2069 Disposed 5181 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-02-18 Employee Stock Option (Right to Buy) $49.60 M 30000 Disposed Common (30000) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Phantom Restricted Shares (Strategic Excellence Program) $ Common (3733) 3733 Direct
Deferred Phantom ESAP Stock in WEDSP $ Common () 724.5 Direct
Phantom Restricted Shares (Special Retention Program) $ Common () 12343.19 Direct
Phantom Restricted Shares (Special Retention Program) $ Common (12500) 12500 Direct
Phantom Restricted Shares (Special Retention Program) $ Common (30000) 30000 Direct
Employee Stock Option (Right to Buy) $ Common (25000) 25000 Direct
Phantom Restricted (Career) Stock $ Common () 26955.01 Direct
Employee Stock Option (Right to Buy) $ Common (27000) 27000 Direct
Employee Stock Option (Right to Buy) $ Common (10772) 10772 Direct

Footnotes

F1: Cashless stock option exercise of 30,000 share options granted on 02/17/03 at the option price of $49.60 per share with tax withholding rights. Immediate sale through broker of 29,000 shares. 1,000 shares were retained from the exercise.

F2: 4,688 shares are held in name of the undersigned's broker.

F3: Award of 3,733 phantom stock shares (Strategic Excellence Program) awarded on 02/14/05 under the 2002 Whirlpool Corporation Omnibus Stock and Incentive Plan in transactions exempt under Rule 16(b)-3(c). Time restrictions will lapse and shares will become vested as follows: 50% on 02/14/06; and 50% on 02/14/07.

F4: 724.50 phantom stock deferred under the Executive Deferred Savings Plan in transactions exempt under Rule 16b-3. As of 02/14/05, 724.50 total phantom shares deferred.

F5: Deferral of payout of 12,266.37 phantom restricted shares (Special Retention Program) awarded under the 1998 Whirlpool Corporation Omnibus Stock and Incentive Plan in transactions exempt under Rule 16(b)-3(c). As of 12/15/04, the latest date for which information is reasonably available, 12,343.19 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.

F6: 12,500 phantom stock shares (Special Retention Program) awarded under the Whirlpool Corporation 1998 Omnibus Stock and Incentive Plan in transactions exempt under Rule 16(b)-3(c). Shares will vest on 11/26/08. Participants may elect to defer receipt of vested shares. Dividend equivalents on deferred stock will be invested in additional stock.

F7: 30,000 phantom stock shares (Special Retention Program) awarded on 06/14/2004 with the effective date of the award to be 07/01/2004 under the Whirlpool Corporation 2002 Omnibus Stock and Incentive Plan in transactions exempt under Rule 16(b)-3(c). Shares will become vested as follows: 50% on 07/01/2007 and 50% on 07/01/2011. Participants may elect to defer receipt of vested shares. Dividend equivalents on deferred stock will be invested in additional stock.

F8: 25,000 option shares with cashless exercise and tax withholding rights awarded on 11/26/01 at the option price of $66.62 per share. All shares are currently exercisable, and will expire 10 years from date of grant.

F9: Original grant of 25,000 phantom stock shares (Career Stock Award) awarded under the 1996 Omnibus Stock and Incentive Plan in transactions exempt under Rule 16(b)-3(c). Phantom shares will become vested as follows: 10,000 shares on 11/26/06; 10,000 shares on 11/26/10; and 5,000 shares on retirement after age 60. As of 12/15/2004, the latest date for which information is reasonably available, 26,955.01 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.

F10: 27,000 option shares with cashless exercise and tax withholding rights awarded on 2/18/02 at the option price of $67.29 per share. All shares are currently exercisable, and will expire 10 years from date of grant.

F11: 10,772 option shares with cashless exercise and tax withholding rights awarded on 02/16/04 at the option price of $72.94 per share. 3,591 shares are currently exercisable, with the remaining shares to become exercisable as follows: one-third on 02/16/06; and one-third on 02/16/07. The options will expire 10 years from date of grant.