WHIRLPOOL CORP /DE/ 4
4 · WHIRLPOOL CORP /DE/ · Filed Feb 16, 2005
Insider Transaction Report
Form 4
HU MARK K
EXECUTIVE VICE PRESIDENT
Transactions
- Exercise/Conversion
Common Stock
2005-02-14$63.24/sh+815$51,541→ 815 total - Exercise/Conversion
Common Stock
2005-02-14$67.99/sh−269$18,289→ 546 total - Award
Phantom Restricted Shares (Strategic Excellence Program)
2005-02-14+1,584→ 1,584 total→ Common (1,584 underlying)
Holdings
- 20,000
Employee Stock Option (Right to Buy)
→ Common (20,000 underlying) - 10,000
Phantom Restricted Shares (Special Retention Program)
→ Common (10,000 underlying) - 5,027
Employee Stock Option (Right to Buy)
→ Common (5,027 underlying)
Footnotes (6)
- [F1]Settlement of 2002-2004 ESAP award for 546 shares of common stock made under the Whirlpool Corporation 1996 Omnibus Stock and Incentive Plan in a transaction exempt under Rule 16b-3.
- [F2]Pursuant to the Company's Plan provisions, the Company paid $67.99 per share for performance-based phantom stock awarded under the 2002-2004 ESAP settlement for tax withholding purposes in a transaction exempt under Rule 16b-3.
- [F3]1,584 phantom stock shares (Strategic Excellence Program) awarded on 02/14/05 under the Whirlpool Corporation 2002 Omnibus Stock and Incentive Plan in transactions exempt under Rule 16(b)-3(c). Time restrictions will lapse and shares will become vested as follows: 50% on 02/14/06; and 50% on 02/14/07.
- [F4]10,000 phantom stock shares (Special Retention Program) awarded on 01/05/2004 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 01/05/2007 and 50% on 01/05/2011. Participants may elect to defer receipt of vested shares. Dividend equivalents on deferred stock will be invested in additional stock.
- [F5]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. 10,000 shares are currently exercisable with the remaining 10,000 shares becoming exercisable on 01/05/2006. The options will expire 10 years from the date of grant.
- [F6]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. 1,676 shares are currently exercisable, with the remaining shares becoming exercisable as follows: one-third on 02/16/06; and one-third on 02/16/07. The options will expire 10 years from the date of grant.