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WHIRLPOOL CORP /DE/ Director's Dealing 2005

Feb 16, 2005

31015_dirs_2005-02-16_96e444e1-bdd5-4691-b89d-18f0cef3b590.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: HU MARK K (EXECUTIVE VICE PRESIDENT)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-02-14 Common Stock M 815 $63.24 Acquired 815 Direct
2005-02-14 Common Stock M 269 $67.99 Disposed 546 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-02-14 Phantom Restricted Shares (Strategic Excellence Program) $ A 1584 Acquired Common (1584) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Phantom Restricted Shares (Special Retention Program) $ Common (10000) 10000 Direct
Employee Stock Option (Right to Buy) $ Common (20000) 20000 Direct
Employee Stock Option (Right to Buy) $ Common (5027) 5027 Direct

Footnotes

F1: Settlement of 2002-2004 ESAP award for 546 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: 1,584 phantom stock shares (Strategic Excellence Program) awarded on 02/14/05 under the Whirlpool Corporation 2002 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: 10,000 phantom stock shares (Special Retention Program) awarded on 01/05/2004 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 01/05/2007 and 50% on 01/05/2011. Participants may elect to defer receipt of vested shares. Dividend equivalents on deferred stock will be invested in additional stock.

F5: 20,000 option shares with cashless exercise and tax withholding rights awarded on 01/05/2004 at the option price of $71.80 per share. 10,000 shares are currently exercisable with the remaining 10,000 shares becoming exercisable on 01/05/2006. The options will expire 10 years from the date of grant.

F6: 5,027 option shares with cashless exercise and tax withholding rights awarded on 02/16/2004 at the option price of $72.94 per share. 1,676 shares are currently exercisable, with the remaining shares becoming exercisable as follows: one-third on 02/16/06; and one-third on 02/16/07. The options will expire 10 years from the date of grant.