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WHIRLPOOL CORP /DE/ — Director's Dealing 2007
Jan 4, 2007
31015_dirs_2007-01-04_9388cd30-a657-4af4-aa40-831c7c4982bb.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: 2007-01-01
Reporting Person: HU MARK K (EXECUTIVE VICE PRESIDENT)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-01-01 | Common Stock | M | 5000 | $83.25 | Acquired | 6209 | Direct |
| 2007-01-01 | Common Stock | M | 883 | $83.25 | Disposed | 5326 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-01-01 | Phantom Restricted Shares (Special Retention Program) | $83.25 | M | 5000 | Disposed | Common (5000) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Restricted Shares (Strategic Excellence Program) | $ | Common (792) | 792 | Direct | |
| Employee Stock Option (Right to Buy) | $ | Common (20000) | 20000 | Direct | |
| Employee Stock Option (Right to Buy) | $ | Common (5027) | 5027 | Direct | |
| Employee Stock Option (Right to Buy) | $ | Common (4600) | 4600 | Direct |
Footnotes
F1: Settlement of 50% of a special retention award totalling 10,000 shares of common stock under the Whirlpool Corporation 1998 Omnibus Stock and Incentive Plan in a transaction exempt under Rule 16b-3 (see Table II for disposition of derivative securities (5,000 shares of phantom restricted stock)). Of the 5,000 shares received, 883 shares were sold to the Company pursuant to the Company's plan provisions under a tax withholidng right. Restrictions will lapse on the remaining 50% of this award on 01/01/2011. Participants may elect to defer receipt of vested shares. Dividend equivalents on deferred stock will be invested in additional stock.
F2: 792 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 will lapse on 02/14/2007.
F3: 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. All shares are currently exercisable and the options will expire 10 years from the date of grant.
F4: 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. 3,351 shares are currently exercisable, with the remaining one third becoming exercisable on 02/16/2007. The options will expire 10 years from the date of grant.
F5: 4,600 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 02/20/2008; and one-third on 02/20/2009. The options will expire 10 years from the date of grant.