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WHIRLPOOL CORP /DE/ — Director's Dealing 2007
Feb 16, 2007
31015_dirs_2007-02-16_82f55a87-03f1-4229-845d-1e82c177bb15.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: 2007-02-14
Reporting Person: Bitzer Marc R (EXECUTIVE VICE PRESIDENT)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-02-14 | Common Stock | M | 561 | — | Acquired | 13007 | Direct |
| 2007-02-14 | Common Stock | F | 283 | $91.89 | Disposed | 12724 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-02-14 | Phantom Restricted Shares (Strategic Excellence Program) | $ | M | 561 | Disposed | Common (561) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Restricted (Career) Stock | $ | Common () | 23309.67 | Direct | |
| Phantom Restricted Shares (Special Retention Program) | $ | Common (9250) | 9250 | Direct | |
| Phantom Restricted Shares (Special Retention Program) | $ | Common (20000) | 20000 | Direct | |
| Employee Stock Option (Right to Buy) | $ | Common (12000) | 12000 | Direct | |
| Employee Stock Option (Right to Buy) | $ | Common (3563) | 3563 | Direct | |
| Employee Stock Option (Right to Buy) | $ | Common (6932) | 6932 | Direct |
Footnotes
F1: Payment of 561 shares of common stock for which time restrictions lapsed on 02/14/2007 relating to the 2004 SEP award made under the Whirlpool Corporation 2002 Omnibus Stock and Incentive Plan in a transaction exempt under Rule 16b-3. These shares were reported in Table II as a derivative securities in prior filings.
F2: Pursuant to the Company's Plan provisions, the Company paid $91.89 per share for tax withholding purposes relating to the payment of common stock under the 2004 SEP award for which restrictions lapsed. See Footnote 1. A fractional share was paid in cash to recipient.
F3: 12,167 shares are held in the name of the undersigned's broker.
F4: 561 phantom stock shares (Strategic Excellence Program) awarded on 02/14/2005 under the SEP 2004 grant made pursuant to the 2002 Whirlpool Corporation Omnibus Stock and Incentive Plan in transactions exempt under Rule 16(b)-3(c). Time restrictions on these shares lapsed on 02/14/2007.
F5: 20,000 phantom stock shares (Career Stock Award) awarded under the Whirlpool Corporation 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: 8,000 shares on 08/24/2010; and 4,000 shares on retirement after age 60. As of 12/15/06, the latest date for which information is reasonably available, 23,309.67 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.
F6: 9,250 phantom stock shares (Strategic Retention Program) awarded under the Whirlpool Corporation 1998 Omnibus Stock & Incentive Plan in transactions exempt under Rule 16(b)-3(c). Shares will vest on 02/19/2008. Participants may elect to defer receipt of vested shares. Dividend equivalents on deferred stock will be invested in additional stock.
F7: 20,000 phantom stock shares (Strategic 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 & 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: 12,000 option shares awarded on 02/18/2002 at the option price of $69.54 per share with cashless exercise and tax withholding rights. All shares are currently exercisable and will expire 10 years from the date of grant.
F9: 3,563 option shares awarded on 02/16/2004 at the option price of $75.32 per share with cashless exercise and tax withholding rights. All shares are currently exercisable and will expire 10 years from the date of grant.
F10: 6,932 option shares with cashless exercise and tax withholding rights awarded on 02/20/2006 at the option price of $89.16 per share. Shares will become exercisable as follows: one-third on 02/20/2007; one-third on 02/20/2008 and one-third on 02/20/2009. The options will expire 10 years from the date of grant.