FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
WHIRLPOOL CORP /DE/ [ WHR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/01/2007 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 07/01/2007 | M(1) | 22,500 | A | (1) | 76,172 | D(2) | |||
Common Stock | 07/01/2007 | M(1) | 9,079 | D | (1) | 67,093 | D(2) | |||
Common Stock | 10 | I(3) | Held by Son | |||||||
Common Stock | 2,877.46(4) | I | 401(k) Stock Fund |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Phantom Restricted Shares (Special Retention Program) | (1) | 07/01/2007 | M(1) | 22,500 | (1) | (1) | Common | 22,500 | $0 | 22,500 | D | ||||
Phantom Restricted Shares (Strategic Excellence Program) | (5) | (5) | (5) | Common | (5) | 9,935.41(5) | D | ||||||||
Phantom Restricted Shares (Special Retention Program) | (6) | (6) | (6) | Common | (6) | 16,224.32(6) | D | ||||||||
Phantom Restricted (Career) Stock | (7) | (7) | (7) | Common | (7) | 66,478.6(7) | D | ||||||||
Deferred Phantom ESAP Stock in WEDSP | (8) | (8) | (8) | Common | (8) | 5,980.122(8) | D | ||||||||
Deferred EDSP-Purchase of phantom Whirlpool stock | (9) | (9) | (9) | Common | (9) | 6,662.838(9) | D | ||||||||
Phantom Restricted Shares (Special Retention Program) | (10) | (10) | (10) | Common | 23,125 | 23,125 | D | ||||||||
Phantom Restricted Shares (Maytag Recognition Awards) | (11) | (11) | (11) | Common | 25,000 | 25,000 | D | ||||||||
Phantom Restricted Shares (Strategic Excellence Program) | (12) | (12) | (12) | Common | 48,580 | 48,580 | D | ||||||||
Employee Stock Option (Right to Buy) | (13) | (13) | (13) | Common | 18,000 | 18,000 | D | ||||||||
Employee Stock Option (Right to Buy) | (14) | (14) | (14) | Common | 50,000 | 50,000 | D | ||||||||
Employee Stock Option (Right to Buy) | (15) | (15) | (15) | Common | 64,000 | 64,000 | D | ||||||||
Employee Stock Option (Right to Buy) | (16) | (16) | (16) | Common | 70,000 | 70,000 | D | ||||||||
Employee Stock Option (Right to Buy) | (17) | (17) | (17) | Common | 70,000 | 70,000 | D | ||||||||
Employee Stock Option (Right to Buy) | (18) | (18) | (18) | Common | 70,000 | 70,000 | D | ||||||||
Employee Stock Option (Right to Buy) | (19) | (19) | (19) | Common | 40,000 | 40,000 | D | ||||||||
Employee Stock Option (Right to Buy) | (20) | (20) | (20) | Common | 83,200 | 83,200 | D | ||||||||
Employee Stock Option (Right to Buy) | (21) | (21) | (21) | Common | 91,000 | 91,000 | D |
Explanation of Responses: |
1. Settlement of 50% of a special retention award for 22,500 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 (22,500 shares of phantom restricted stock)). Of the 22,500 shares received, 9,079 shares were sold to the Company pursuant to the Company's plan provisions under a tax withholding right. Participants may elect to defer receipt of vested shares. Dividend equivalents on deferred stock will be invested in additional stock. Restrictions lapse on the remaining 50% of this award on 07/01/2011. |
2. 53,672 shares are held in the name of the undersigned's broker. |
3. The reporting person disclaims beneficial ownership of all securities held by his children, 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. |
4. As of 06/15/2007, there are 2,8877.46 shares held in the account of the undersigned pursuant to the Plan indicated in Column 7. |
5. 9,750 phantom stock shares deferred under the 2004 SEP award made under the 2002 Whirlpool Corporation Omnibus Stock and Incentive Plan in a transaction exempt under Rule 16b-3. These shares were reported in Table II as derivative securities in prior filings. As of 06/15/2007, a total of 9,935.41 phantom shares have been deferred from all awards, which includes dividend equivalents earned in phantom restricted stock. |
6. Original deferral of 15,000 phantom restricted shares (Special Retention Program) awarded under the Whirlpool Corporation 1998 Omnibus Stock & Incentive Plan in transactions exempt under Rule 16(b)-3(c). As of 06/15/2007, 16,224.32 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock. |
7. 50,000 phantom stock shares (Career Stock Award) awarded under the 1996 Whirlpool Omnibus Stock & Incentive Plan in transactions exempt under Rule 16b-3(c). 40,000 phantom shares are currently vested, with the remaining shares becoming vested as follows: 10,000 shares on retirement after age 60. As of 06/15/2007, 66,478.60 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock. |
8. 5,177.04 phantom shares deferred under the Executive Deferred Savings Plan in transactions exempt under Rule 16b-3. As of 06/15/2007, 5,980.122 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock. |
9. Original deferral of 4,972.906 phantom shares in the Executive Deferred Savings Plan on 8/10/99 in a transaction exempt under Rule 16b-3. As of 6/15/2007, 6,662.838 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock. |
10. 23,125 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 02/19/2008. Participants may elect to defer receipt of vested shares. Dividend equivalents on deferred stock will be invested in additional stock. |
11. Award of 25,000 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. |
12. 48,580 phantom stock shares (Strategic Excellence Program) awarded on 02/19/2007 under the SEP 2006 grant of contingent shares made pursuant to the 2002 Whirlpool Corporation Omnibus Stock and Incentive Plan in transaction exempt under Rule 16(b)-3(c). Time restrictions will lapse and shares will become vested on 02/19/2009. |
13. 18,000 option shares with cashless exercise and tax withholding rights awarded on 06/15/1998 at the option price of $63.13 per share. All shares are currently exercisable and will expire 10 years from date of grant. |
14. 50,000 option shares with cashless exercise and tax withholding rights awarded on 04/05/1999 at the option price of $52.28 per share. All shares are currently exercisable and will expire 10 years from date of grant. |
15. 64,000 option shares with cashless exercise and tax withholding rights awarded on 02/14/2000 at the option price of $52.19 per share. All shares are currently exercisable and will expire 10 years from date of grant. |
16. 70,000 option shares with cashless exercise and tax withholding rights awarded on 02/19/2001 at the option price of $54.07 per share. All shares are currently exercisable and will expire 10 years from date of grant. |
17. 70,000 option shares with cashless exercise and tax withholding rights awarded on 02/18/2002 at the option price of $67.29 per share. All shares are currently exercisable, and will expire 10 years from date of grant. |
18. 70,000 option shares with cashless exercise and tax withholding rights awarded on 02/17/2003 at the option price of $49.60 per share. All shares are currently exercisable and will expire 10 years from date of grant. |
19. 40,000 option shares with cashless exercise and tax withholding rights awarded on 02/16/2004 at the option price of $72.94 per share. All shares are currently exercisable and will expire 10 years from date of grant. |
20. 83,200 option shares with cashless exercise and tax withholding rights awarded on 02/20/2006 at the option price of $89.16 per share. 27,734 shares are currently exercisable with the remaining options becoming exercisable as follows: one-third on 02/20/2008; and one-third on 02/20/2009. The options will expire 10 years from the date of grant. |
21. 91,000 option shares awarded on 02/19/2007 at the option price of $94.47 per share with cashless exercise and tax withholding rights. Shares will become exercisable as follows: one-third on 02/19/2008; one-third on 02/19/2009; and one-third on 02/19/2010. The options will expire 10 years from the date of grant. |
Remarks: |
/s/ Daniel F. Hopp, Corporate Secretary | 07/03/2007 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |