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WHIRLPOOL CORP /DE/ — Director's Dealing 2007
Jun 21, 2007
31015_dirs_2007-06-21_ee9efa05-33f2-4b18-bfc0-47108b44aace.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: 2007-06-19
Reporting Person: TODMAN MICHAEL (Director, PRESIDENT WHIRLPOOL INT'L)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-06-19 | Phantom Restricted Shares (Career Stock) | $ | A | 30000 | Acquired | Common (30000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1128 | Direct |
| Common Stock | 416.975 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Restricted Shares (Strategic Excellence Program) | $ | Common (11163) | 11163 | Direct | |
| Deferred Phantom ESAP Stock in WEDSP | $ | Common () | 3107.246 | Direct | |
| Deferred Phantom ESAP Stock in WEDSP II | $ | Common () | 606.607 | Direct | |
| Phantom Restricted Shares (Special Retention Program) | $ | Common () | 14726.77 | Direct | |
| Phantom Restricted (Career) Stock | $ | Common () | 26621.41 | Direct | |
| Phantom Restricted Shares (Special Retention Program) | $ | Common (30000) | 30000 | Direct | |
| Phantom Restricted Shares (Special Retention Program) | $ | Common (13875) | 13875 | Direct | |
| Phantom Restricted Shares (Maytag Recognition Awards) | $ | Common (7500) | 7500 | Direct | |
| Employee Stock Option (Right to Buy) | $ | Common (27000) | 27000 | Direct | |
| Employee Stock Option (Right to Buy) | $ | Common (10282) | 10282 | Direct | |
| Employee Stock Option (Right to Buy) | $ | Common (19200) | 19200 | Direct | |
| Employee Stock Option (Right to Buy) | $ | Common (19100) | 19100 | Direct |
Footnotes
F1: As of 06/15/2007, there are 416.975 shares held in the account of the undersigned pursuant to the Plan indicated in Column 7.
F2: Award of 30,000 phantom stock shares (Career Stock) awarded on 06/19/2007 under the Whirlpool Corporation 2007 Omnibus Stock and Incentive Plan in transactions exempt under Rule 16(b)-3(c). Shares will become vested as follows: 50% on 06/19/2012; and 50% on retirement after age 60. Dividend equivalents will be invested in additional stock.
F3: 11,163 phantom stock shares (Strategic Excellence Program) awarded on 02/19/2007 under the SEP 2006 grant of contingent shares made pursuant to the 2002 Whirlpool Corporation Omnibus Stock and Incentive Plan in transaction exempt under Rule 16(b)-3(c). Time restrictions will lapse and shares will become vested on 02/19/2009.
F4: 2,743.50 phantom shares deferred under the Executive Deferred Savings Plan in transactions exempt under Rule 16b-3. As of 06/15/2007, 3107.246 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.
F5: 579.60 phantom shares deferred under the Executive Deferred Savings Plan II in transactions exempt under Rule 16b-3. As of 06/15/2007, 606.607 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.
F6: 13,615.47 original deferral of phantom restricted shares (Special Retention Program) awarded under the Whirlpool Corporation 1998 Omnibus Stock and Incentive Plan in transactions exempt under Rule 16(b)-3(c). As of 06/15/2007, 14,726.77 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.
F7: 20,000 phantom stock shares (Career Stock Award) awarded under the Whirlpool 1989 Omnibus Stock & Incentive Plan in transactions exempt under Rule 16(b)-3(c). 8,000 phantom shares are currently vested, with the remaining shares becoming vested as follows: 12,000 shares on retirement after age 60. As of 06/15/2007, 26,621.41 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.
F8: 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.
F9: 13,875 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 02/19/08. Participants may elect to defer receipt of vested shares. Dividend equivalents on deferred stock will be invested in additional stock.
F10: Award of 7,500 phantom stock shares (Maytag Recognition Awards) on 08/13/2006 under the Whirlpool Corporation 2002 Omnibus Stock and Incentive Plan in transactions exempt under Rule 16(b)-3(c). Restrictions will lapse on the award on 08/13/2009. Dividend equivalents will be paid annually in cash.
F11: 27,000 option shares with cashless exercise and tax withholding rights awarded on 2/18/2002 at the option price of $67.29 per share. All shares are currently exercisable, and will expire 10 years from date of grant.
F12: 10,282 option shares with cashless exercise and tax withholding rights awarded on 02/16/2004 at the option price of $72.94 per share. 6,855 shares are currently exercisable, with the remaining shares becoming exercisable on 02/16/2007. The options will expire 10 years from date of grant.
F13: 19,200 option shares with cashless exercise and tax withholding rights awarded on 02/20/2006 at the option price of $89.16 per share. 6,400 shares are currently exercisable with the remaining shares to become exercisable as follows: one-third on 02/20/2008; and one-third on 02/20/2009. The options will expire 10 years from the date of grant.
F14: 19,100 option shares awarded on 02/19/2007 at the option price of $94.47 per share with cashless exercise and tax withholding rights. Shares will become exercisable as follows: one-third on 02/19/2008; one-third on 02/19/2009; and one-third on 02/19/2010. The options will expire 10 years from the date of grant.