Filing Details
- Accession Number:
- 0001140361-17-043827
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-11-27 12:33:02
- Reporting Period:
- 2017-11-22
- Accepted Time:
- 2017-11-27 12:33:02
- 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 | Acquisiton | 2017-11-22 | 10,109 | $45.70 | 129,078 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-11-22 | 10,109 | $95.20 | 118,969 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2017-11-24 | 10,109 | $45.70 | 129,078 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-11-24 | 23,917 | $68.09 | 152,995 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-11-24 | 32,000 | $63.98 | 184,995 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-11-24 | 66,026 | $94.61 | 118,969 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Option (right to buy) | Disposition | 2017-11-22 | 10,109 | $0.00 | 10,109 | $45.70 |
| Common Stock | Employee Option (right to buy) | Disposition | 2017-11-24 | 10,109 | $0.00 | 10,109 | $45.70 |
| Common Stock | Employee Option (right to buy) | Disposition | 2017-11-24 | 23,917 | $0.00 | 23,917 | $68.09 |
| Common Stock | Employee Option (right to buy) | Disposition | 2017-11-24 | 32,000 | $0.00 | 32,000 | $63.98 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 10,109 | 2023-02-15 | No | 4 | M | Direct | |
| 0 | 2023-02-15 | No | 4 | M | Direct | |
| 12,321 | 2025-02-20 | No | 4 | M | Direct | |
| 0 | 2024-02-14 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 92,010,554 | Indirect | TTWF LP & TTWFGP LLC |
Footnotes
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $95.00 to $95.40, 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.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $94.11 to $94.90, 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
- The stock options are excercisable in three equal installments on February 15, 2014, 2015 and 2016.
- The stock options are excercisable in three equal installments on February 20, 2016, 2017 and 2018.
- The stock options are excercisable in three equal installments on February 14, 2015, 2016 and 2017.
- 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 her pecuniary interest therein.
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