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WHIRLPOOL CORP /DE/ — Director's Dealing 2007
Feb 9, 2007
31015_dirs_2007-02-09_3cf927fa-b2ef-4383-8479-5258e4007a60.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: 2007-02-08
Reporting Person: SWIFT DAVID L (Director, PRESIDENT WHIRLPOOL N. AMER)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-02-08 | Common Stock | M | 7181 | $72.94 | Acquired | 13666 | Direct |
| 2007-02-08 | Common Stock | S | 381 | $91.91 | Disposed | 13285 | Direct |
| 2007-02-08 | Common Stock | S | 100 | $91.90 | Disposed | 13185 | Direct |
| 2007-02-08 | Common Stock | S | 100 | $91.88 | Disposed | 13085 | Direct |
| 2007-02-08 | Common Stock | S | 300 | $91.86 | Disposed | 12785 | Direct |
| 2007-02-08 | Common Stock | S | 300 | $91.83 | Disposed | 12485 | Direct |
| 2007-02-08 | Common Stock | S | 300 | $91.78 | Disposed | 12185 | Direct |
| 2007-02-08 | Common Stock | S | 200 | $91.72 | Disposed | 11985 | Direct |
| 2007-02-08 | Common Stock | S | 300 | $91.71 | Disposed | 11685 | Direct |
| 2007-02-08 | Common Stock | S | 500 | $91.70 | Disposed | 11185 | Direct |
| 2007-02-08 | Common Stock | S | 4700 | $91.50 | Disposed | 6485 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-02-08 | Employee Stock Option (Right to Buy) | $ | M | 7181 | Disposed | Common (10772) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Restricted Shares (Strategic Excellence Program) | $ | Common () | 1428.077 | Direct | |
| Deferred Phantom ESAP Stock in WEDSP II | $ | Common () | 751.604 | Direct | |
| Phantom Restricted Shares (Special Retention Program) | $ | Common () | 12893.32 | Direct | |
| Phantom Restricted (Career) Stock | $ | Common () | 28156.37 | Direct | |
| Phantom Restricted Shares (Strategic Excellence Program) | $ | Common (1866) | 1866 | Direct | |
| Phantom Restricted Shares (Special Retention Program) | $ | Common (12500) | 12500 | Direct | |
| Phantom Restricted Shares (Special Retention Program) | $ | Common (30000) | 30000 | Direct | |
| Phantom Restricted Shares (Maytag Recognition Awards) | $ | Common (15000) | 15000 | Direct | |
| Employee Stock Option (Right to Buy) | $ | Common (20600) | 20600 | Direct |
Footnotes
F1: Cashless exercise of 7,181 shares and immediate sale through broker of an award granted on 02/16/2004 at the option price of $72.94 per share with the cashless exercise and tax withholding rights. All shares were exercisable. Remaining 3,591 shares from the grant will vest on 02/16/2007 and will expire 10 years from the date of grant.
F2: 5,181 shares are held in name of the undersigned's broker.
F3: 1,399.88 phantom shares deferred under the Strategic Excellence Program in transactions exempt under Rule 16b-3. As of 12/15/06, the latest date for which information is reasonably available, 1,428.077 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.
F4: 724.50 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, 751.604 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.
F5: Deferral of 12,266.37 phantom restricted shares (Special Retention Program) awarded under the 1998 Whirlpool Corporation Omnibus Stock and Incentive Plan in transactions exempt under Rule 16(b)-3(c). As of 12/15/06, the latest date for which information is reasonably available, 12,893.32 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.
F6: 25,000 phantom stock shares (Career Stock Award) awarded under the 1996 Omnibus Stock and Incentive Plan in transactions exempt under Rule 16(b)-3(c). Phantom shares will become vested as follows: 10,000 shares on 11/26/10; and 5,000 shares on retirement after age 60. As of 12/15/06, the latest date for which information is reasonably available, 28,156.37 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.
F7: 1,866 phantom stock shares (Strategic Excellence Program) awarded on 02/14/05 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 will lapse on 02/14/2007.
F8: 12,500 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 11/26/08. Participants may elect to defer receipt of vested shares. Dividend equivalents on deferred stock will be invested in additional stock.
F9: 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.
F10: 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.
F11: 20,600 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 02/20/2007; and one-third on 02/20/2009. The options will expire 10 years from the date of grant.