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*
THIENEMAN MICHAEL D

(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)
09/15/2003
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 4,928 D
Common Stock 09/15/2003 A V 18.707 A (1) 383.812(2) D(3)
Common Stock 09/15/2003 A 15.806 A (4) 3,418.021(5) I 401(k) Stock Fund
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) (6) (6) (6) Common 3,200 3,200 D
Employee Stock Option (Right to Buy) (7) (7) (7) Common 8,000 8,000 D
Employee Stock Option (Right to Buy) (8) (8) (8) Common 11,000 11,000 D
Phantom Restricted (Career) Shares (9) 09/15/2003 A 119.73 (9) (9) Common (9) $0 24,461.08(9) D
Deferred Phantom ESAP Stock in WEDSP (10) 09/15/2003 A 55.035 (10) (10) Common (10) $0 11,272.477(10) D
Employee Stock Option (Right to Buy) (11) (11) (11) Common 15,000 15,000 D
Employee Stock Option (Right to Buy) (12) (12) (12) Common 27,000 27,000 D
Employee Stock Option (Right to Buy) (13) (13) (13) Common 27,000 27,000 D
Employee Stock Option (Right to Buy) (14) (14) (14) Common 22,600 22,600 D
Employee Stock Option (Right to Buy) (15) (15) (15) Common 23,000 23,000 D
Employee Stock Option (Right to Buy) (16) (16) (16) Common 23,000 23,000 D
Explanation of Responses:
1. The securities herein were acquired on 9/15/03 pursuant to the Plan indicated in Column 6 at $69.409 per share in transactions exempt from Section 16(b) pursuant to Rule 16(b)-3(c).
2. As of 09/15/03, there are 383.812 shares held in the account of the undersigned pursuant to the Whirlpool Corporation Automatic Dividend Reinvestment Plan.
3. The execution and filing of this report shall not be construed as an admission that the undersigned is for the purpose of Section 16 of the Securities Exchange Act of 1934 the beneficial owner of 36.5135 shares held in joint tenancy by the undersigned and Mrs. Thieneman.
4. The securities herein were acquired on 9/15/03 pursuant to the Plan indicated in Column 7 at $69.300610 per share in transactions exempt from Section 16(b) pursuant to Rule 16(b)-3(d)(2).
5. As of 09/15/03, there are 3,418.021 shares held in the account of the undersigned pursuant to the Plan indicated in Column 7.
6. 6,500 option shares with cashless exercise and tax withholding rights awarded on 08/15/95 at the option price of $55.81 per share. 3,200 shares remain and will expire 10 years from date of grant.
7. 8,000 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.
8. 11,000 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.
9. Grant of 119.73 phantom shares of common stock (dividend equivalents) based on original grant of 20,000 phantom stock shares (Career Stock Award) awarded under the Whirlpool Corporation 1989 Omnibus Stock and Incentive Plan in transactions exempt under Rule 16b-3(c). 4,000 phantom shares are currently vested, with the remaining shares becoming vested as follows: 4,000 shares on 07/01/05; and 12,000 shares on retirement after age 60. As of 09/15/03, 24,461.08 total phantom shares deferred.
10. Grant of 55.035 phantom shares of common stock (dividend equivalents) based on phantom shares deferred under the Executive Deferred Savings Plan in transactions exempt under Rule 16b-3. As of 09/15/03, 11,272.477 total phantom shares deferred.
11. 15,000 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.
12. 27,000 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.
13. 27,000 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. 22,600 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. 23,000 option shares with cashless exercise and tax withholding rights awarded on 02/18/02 at the option price of $67.29 per share. 11,500 shares are currently exercisable, with an additional 11,500 shares becoming exercisable on 02/18/04. The options will expire 10 years from date of grant.
16. 23,000 option shares with cashless exercise and tax withholding rights awarded on 02/17/03 at the option price of $49.60 per share. Shares will become exercisable as follows: 50% on 02/17/04; and 50% on 02/17/05. The options will expire 10 years from date of grant.
Remarks:
Robert T. Kenagy 09/17/2003
** 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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