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WHIRLPOOL CORP /DE/ Director's Dealing 2005

Feb 16, 2005

31015_dirs_2005-02-16_ecfb0a4c-d65b-4666-80b1-80a7e6918119.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: 2005-02-14

Reporting Person: TEMPLIN ROY W (Vice President and CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-02-14 Common Stock M 1148 $63.24 Acquired 1828 Direct
2005-02-14 Common Stock M 353 $67.99 Disposed 1475 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-02-14 Phantom Restricted Shares (Strategic Excellence Program) $ A 839 Acquired Common (839) Direct
2005-02-14 Deferred Phantom ESAP Stock in WEDSP $ A 287 Acquired Common () Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Phantom Restricted Shares (Special Retention Program) $ Common (20000) 20000 Direct
Employee Stock Option (Right to Buy) $ Common (10000) 10000 Direct
Employee Stock Option (Right to Buy) $ Common (2664) 2664 Direct

Footnotes

F1: Settlement of 2002-2004 ESAP award for 795 shares of common stock made under the Whirlpool Corporation 1996 Omnibus Stock and Incentive Plan in a transaction exempt under Rule 16b-3.

F2: Pursuant to the Company's Plan provisions, the Company paid $67.99 per share for performance-based phantom stock awarded under the 2002-2004 ESAP settlement for tax withholding purposes in a transaction exempt under Rule 16b-3.

F3: 839 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: Deferral of 287 phantom stock awarded on 02/14/05 by the Human Resources Committee of the Board of Directors pursuant to the 1996 Whirlpool Corporation Omnibus Stock and Incentive Plan in transactions exempt under Rule 16b-3. As of 02/14/05, 287 total phantom shares deferred.

F5: Award of 20,000 phantom stock shares (Special Retention Program) on 08/02/04 with the effective date of the award to be 09/01/04 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 09/01/2007 and 50% on 02/01/2011. Participants may elect to defer receipt of vested shares. Dividend equivalents on deferred stock will be invested in additional stock.

F6: 10,000 option shares with cashless exercise and tax withholding rights awarded on 07/01/2003 at the option price of $62.98 per share. 5,000 shares are currently exercisable, with the remaining 5,000 shares becoming exercisable on 07/01/2005. The options will expire 10 years from date of grant.

F7: 2,664 option shares with cashless exercise and tax withholding rights awarded on 02/16/04 at the option price of $72.94 per share. 888 shares are currently exercisable, with the remaining share 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.