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WHIRLPOOL CORP /DE/ — Director's Dealing 2007
Feb 21, 2007
31015_dirs_2007-02-21_e8dde4a2-4a06-4760-bb72-7c101f1ebf14.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: 2007-02-19
Reporting Person: TEMPLIN ROY W (Vice President and CFO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-02-19 | Phantom Restricted Shares (Strategic Excellence Program) | $ | A | 5397 | Acquired | Common (5397) | Direct | |
| 2007-02-19 | Employee Stock Option (Right to Buy) | $94.47 | A | 10600 | Acquired | Common (10600) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 2059 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Deferred Phantom ESAP Stock in WEDSP II | $ | Common () | 297.737 | Direct | |
| Phantom Restricted Shares (Special Retention Program) | $ | Common (20000) | 20000 | Direct | |
| Phantom Restricted Shares (Maytag Recognition Awards) | $ | Common (15000) | 15000 | Direct | |
| Employee Stock Option (Right to Buy) | $ | Common (10000) | 10000 | Direct | |
| Employee Stock Option (Right to Buy) | $ | Common (2664) | 2664 | Direct | |
| Employee Stock Option (Right to Buy) | $ | Common (9300) | 9300 | Direct |
Footnotes
F1: 680 shares are held in the name of the undersigned's broker.
F2: 5,397 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.
F3: 10,600 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.
F4: 287 phantom shares deferred under the Executive Deferred Savings Plan II in transactions exempt under Rule 16b-3. As of 12/15/06, the latest date for which information is reasonably available, 297.737 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.
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 09/01/2011. Participants may elect to defer receipt of vested shares. Dividend equivalents on deferred stock will be invested in additional stock.
F6: Award of 15,000 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.
F7: 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. All shares are currently exercisable, and will expire 10 years from date of grant.
F8: 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. All shares are currently exercisable and will expire 10 years from date of grant.
F9: 9,300 option shares with cashless exercise and tax withholding rights awarded on 02/20/2006 at the option price of $89.16 per share. 3.100 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.