Filing Details

Accession Number:
0001140361-16-087265
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-11-18 16:34:10
Reporting Period:
2016-11-16
Filing Date:
2016-11-18
Accepted Time:
2016-11-18 16:34:10
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1262823 Westlake Chemical Corp WLK Industrial Organic Chemicals (2860) 760346924
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1299505 James Chao 2801 Post Oak Boulevard, Suite 600
Houston TX 77056
Chairman Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2016-11-16 10,000 $54.45 10,000 No 4 S Indirect By Mother's Estate
Common Stock Disposition 2016-11-17 9,700 $53.82 300 No 4 S Indirect By Mother's Estate
Common Stock Disposition 2016-11-17 300 $54.57 0 No 4 S Indirect By Mother's Estate
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By Mother's Estate
No 4 S Indirect By Mother's Estate
No 4 S Indirect By Mother's Estate
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 111,532 Direct
Common Stock 264,702 Indirect By Brother Albert Chao
Common Stock 92,010,554 Indirect TTWF LP & TTWFGP LLC
Footnotes
  1. In accordance with the Securities and Exchange Commission's No Action Letter dated June 25, 2008, we have aggregated the sales that occurred on November 16, 2016 for ease of reporting. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $54.15 to 54.90, inclusive. The reporting person undertakes to provide to Westlake Chemical Corp., any security holder of Westlake Chemical Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.
  2. In accordance with the Securities and Exchange Commission's No Action Letter dated June 25, 2008, we have aggregated the sales that occurred on November 17, 2016 for ease of reporting. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $53.48 to 54.47, inclusive. The reporting person undertakes to provide to Westlake Chemical Corp., any security holder of Westlake Chemical Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.
  3. In accordance with the Securities and Exchange Commission's No Action Letter dated June 25, 2008, we have aggregated the sales that occurred on November 17, 2016 for ease of reporting. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $54.53 to 54.59, inclusive. The reporting person undertakes to provide to Westlake Chemical Corp., any security holder of Westlake Chemical Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (3) to this Form 4.
  4. The person reporting disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  5. 92,010,554 shares of Issuer are held through TTWF LP, a Delaware limited partnership. Two trusts for the benefit of members of the Chao family, including the reporting person, are the managers of TTWFGP LLC, a Delaware limited liability company that is the general partner of TTWF LP. The limited partners of TTWF LP are five trusts, principally for the benefit of members of the Chao family, including the reporting person, and two corporations owned, indirectly or directly, by certain of these trusts and by other entities owned by members of the Chao family, including the reporting person. The reporting person shares investment and voting power with respect to the shares beneficially owned by TTWF LP. The reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.