SEC Form 4
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*
PERIQUITO PAULO F M O

(Last) (First) (Middle)
WHIRLPOOL CORPORATION
2000 M-63N

(Street)
BENTON HARBOR MI 49022

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WHIRLPOOL CORP /DE/ [ WHR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EXECUTIVE VICE PRESIDENT
3. Date of Earliest Transaction (Month/Day/Year)
05/09/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 05/09/2007 M(1) 33,000 A $52.28 158,026 D(2)
Common Stock 05/09/2007 S(1) 33,000 D $112.6764 125,026 D(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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
Employee Stock Option (Right to Buy) (1) 05/09/2007 M(1) 33,000 (1) (1) Common 33,000 $0 0 D
Phantom Restricted Shares (Strategic Excellence Program) (3) (3) (3) Common 6,330 6,330 D
Phantom Restricted (Career) Stock (4) (4) (4) Common (4) 49,455.52(4) D
Phantom Restricted Shares (Special Retention Program) (5) (5) (5) Common 18,500 18,500 D
Employee Stock Option (Right to Buy) (6) (6) (6) Common 33,000 33,000 D
Employee Stock Option (Right to Buy) (7) (7) (7) Common 33,000 33,000 D
Employee Stock Option (Right to Buy) (8) (8) (8) Common 33,000 33,000 D
Employee Stock Option (Right to Buy) (9) (9) (9) Common 33,000 33,000 D
Employee Stock Option (Right to Buy) (10) (10) (10) Common 12,339 12,339 D
Employee Stock Option (Right to Buy) (11) (11) (11) Common 10,335 10,335 D
Employee Stock Option (Right to Buy) (12) (12) (12) Common 9,754 9,754 D
Explanation of Responses:
1. Cashless exercise and immediate sale of 33,000 options through broker of an award granted on 04/05/1999 at the option price of $52.28 per share with the cashless exercise and tax withholding rights. All shares were exercisable and would have expired 10 years from the date of grant.
2. 3,000 shares are held in the name of the undersigned's broker.
3. 6,330 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.
4. 40,000 phantom stock shares (Career Stock Award) awarded under the Whirlpool 1989 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 retirement after age 60. As of 03/15/2007, the latest date for which information is reasonably available, 49,455.52 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.
5. 18,500 phantom stock shares (Special Retention Program) awarded on 02/19/2001 under the Whirlpool Corporation 1998 Omnibus Stock and Incentive Plan in transactions exempt under Rule 16(b)-3(c). Phantom shares will become vested as follows: 50% on 2/19/08. Participants may elect to defer receipt of vested shares. Dividend equivalents will be invested in additional stock.
6. 33,000 option shares with cashless exercise and tax withholding rights awarded on 2/14/2000 at the option price of $52.19 per share. All shares are currently exercisable, and will expire 10 years from date of grant.
7. 33,000 option shares with cashless exercise and tax withholding rights awarded on 2/19/2001 at the option price of $54.07 per share. All shares are currently exercisable, and will expire 10 years from date of grant.
8. 33,000 option shares with cashless exercise and tax withholding rights awarded on 2/18/2002 at the option price of $67.29 per share. All shares are currently exercisable and will expire 10 years from date of grant.
9. 33,000 option shares with cashless exercise and tax withholding rights awarded on 2/17/2003 at the option price of $49.60 per share. All shares are currently exercisable and will expire 10 years from date of grant.
10. 12,339 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.
11. 10,335 option shares with cashless exercise and tax withholding rights awarded on 02/20/2006 at the option price of $89.16 per share. 3,445 shares are currently exercisable with the remaining shares to become 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.
12. 9,754 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 05/11/2007
** 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).
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