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) 02/20/2004 | ||||||||||||||||||||||||||
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 | 02/20/2004 | M(1) | 8,125 | A | $72.25 | 37,993 | D(2) | |||
Common Stock | 02/20/2004 | M(1) | 2,692 | D | $72.25 | 35,301 | D(2) | |||
Common Stock | 2,687.799(3) | 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) | $72.25(1) | 02/20/2004 | M(1) | 23,125 | (1) | (1) | Common | 23,125 | $0 | 23,125 | D | ||||
Deferred SRP Shares in WEDSP | $72.25(1) | 02/20/2004 | A | 15,000 | (1) | (1) | Common | 15,000 | $0 | 15,000 | D | ||||
Employee Stock Option (Right to Buy) | (4) | (4) | (4) | Common | 13,000 | 13,000 | D | ||||||||
Employee Stock Option (Right to Buy) | (5) | (5) | (5) | Common | 15,000 | 15,000 | D | ||||||||
Employee Stock Option (Right to Buy) | (6) | (6) | (6) | Common | 17,500 | 17,500 | D | ||||||||
Employee Stock Option (Right to Buy) | (7) | (7) | (7) | Common | 20,500 | 20,500 | D | ||||||||
Phantom Restricted (Career) Stock | (8) | (8) | (8) | Common | (8) | 61,461.64(8) | D | ||||||||
Deferred Phantom ESAP Stock in WEDSP | (9) | (9) | (9) | Common | (9) | 6,162.215(9) | D | ||||||||
Employee Stock Option (Right to Buy) | (10) | (10) | (10) | Common | 18,000 | 18,000 | D | ||||||||
Employee Stock Option (Right to Buy) | (11) | (11) | (11) | Common | 50,000 | 50,000 | D | ||||||||
Deferred EDSP-Purchase of phantom Whirlpool stock | (12) | (12) | (12) | Common | (12) | 5,528.388(12) | D | ||||||||
Employee Stock Option (Right to Buy) | (13) | (13) | (13) | Common | 64,000 | 64,000 | D | ||||||||
Employee Stock Option (Right to Buy) | (14) | (14) | (14) | Common | 70,000 | 70,000 | D | ||||||||
Employee Stock Option (Right to Buy) | (15) | (15) | (15) | Common | 70,000 | 70,000 | 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 | 40,000 | 40,000 | D |
Explanation of Responses: |
1. Settlement of 50% of a special retention award for 23,125 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 (23,125 shares of phantom restricted stock)). Of the 23,125 shares received, 2,692 shares were sold to the Company pursuant to the Company's Plan provisions under a tax withholding right, 15,000 shares were deferred, and 5,433 shares were received by the reporting person. Restrictions lapse on the remaining 50% of this award on 2/19/08. |
2. 27,442 shares are held in the name of the undersigned's broker. |
3. As of 12/15/03, there are 2,687.799 shares held in the account of the undersigned pursuant to the Plan indicated in Column 7. |
4. 13,000 option shares with cashless exercise and tax withholding rights awarded on 06/21/94 at the option price of $55.38 per share. All shares are currently exercisable and will expire 10 years from date of grant. |
5. 15,000 option shares with cashless exercise and tax withholding rights awarded on 08/15/95 at the option price of $55.81 per share. All shares are currently exercisable and will expire 10 years from date of grant. |
6. 17,500 option shares with cashless exercise and tax withholding rights awarded on 06/18/96 at the option price of $50.44 per share. All shares are currently exercisable and will expire 10 years from date of grant. |
7. 20,500 option shares with cashless exercise and tax withholding rights awarded on 04/15/97 at the option price of $45.75 per share. All shares are currently exercisable and will expire 10 years from date of grant. |
8. Original grant of 50,000 phantom stock shares (Career Stock Award) awarded under the 1996 Whirlpool Omnibus Stock and Incentive Plan in transactions exempt under Rule 16b-3(c). 30,000 phantom shares are currently vested, with the remaining shares becoming vested as follows: 10,000 shares on 07/01/04; and 10,000 shares on retirement after age 60. As of 12/15/05, 61,461.64 total phantom shares deferred. |
9. 5,177.04 phantom ESAP shares deferred under the Executive Deferred Savings Plan in transactions exempt under Rule 16b-3. As of 12/15/03, 6,162.215 total phantom shares deferred. |
10. 18,000 option shares with cashless exercise and tax withholding rights awarded on 06/15/98 at the option price of $63.13 per share. All shares are currently exercisable and will expire 10 years from date of grant. |
11. 50,000 option shares with cashless exercise and tax withholding rights awarded on 04/05/99 at the option price of $52.28 per share. All shares are currently exercisable and will expire 10 years from date of grant. |
12. Original deferral of 4,972.906 phantom shares in the Executive Deferred Savings Plan on 08/10/99 in a transaction exempt under Rule 16b-3. As of 12/15/03, 5,528.388 total phantom shares deferred. |
13. 64,000 option shares with cashless exercise and tax withholding rights awarded on 02/14/00 at the option price of $52.19 per share. All shares are currently exercisable and will expire 10 years from date of grant. |
14. 70,000 option shares with cashless exercise and tax withholding rights awarded on 02/19/01 at the option price of $54.07 per share. All shares are currently exercisable and will expire 10 years from date of grant. |
15. 70,000 option shares with cashless exercise and tax withholding rights awarded on 02/18/02 at the option price of $67.29 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 02/17/03 at the option price of $49.60 per share. 35,000 shares are currently exercisable, with the remaining 35,000 shares becoming exercisable on 02/17/05. The options will expire 10 years from date of grant. |
17. 40,000 option shares with cashless exercise and tax withholding rights awarded on 02/16/04 at the option price of $72.94 per share. Shares will become exercisable as follows: one-third on 02/16/05; one-third on 02/16/06; and one-third on 02/16/07. The options will expire 10 years from date of grant. |
Remarks: |
Robert T. Kenagy, Corporate Secretary | 02/23/2004 | |
** 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. |