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*
WHITWAM DAVID R

(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman and Chief Exc Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/15/2003
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 115,621 D(1)
Common Stock 8,000 I(2) By Wife
Common Stock 12/15/2003 A 73.696(3) A (3) 15,085.542(4) 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) (5) (5) (5) Common 40,000 40,000 D
Employee Stock Option (Right to Buy) (6) (6) (6) Common 45,000 45,000 D
Employee Stock Option (Right to Buy) (7) (7) (7) Common 70,000 70,000 D
Employee Stock Option (Right to Buy) (8) (8) (8) Common 65,000 65,000 D
Deferred Phantom Stock in WEDSP (9) 12/15/2003 A 56.497 (9) (9) Common (9) $0 11,363.1(9) D
Employee Stock Option (Right to Buy) (10) (10) (10) Common 110,000 110,000 D
Employee Stock Option (Right to Buy) (11) (11) (11) Common 120,000 120,000 D
Employee Stock Option (Right to Buy) (12) (12) (12) Common 120,000 120,000 D
Employee Stock Option (Right to Buy) (13) (13) (13) Common 125,000 125,000 D
Employee Stock Option (Right to Buy) (14) (14) (14) Common 150,000 150,000 D
Explanation of Responses:
1. The 115,621 shares are held in the name of the undersigned's broker.
2. 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 any of the shares referred to in any of the entries in this report to which this note expressly relates. The shares are held in the name of the undersigned's broker.
3. The securities herein were acquired on 12/15/03 pursuant to the Plan indicated in Column 7 at $68.043380 per share in transactions exempt from Section 16(b) pursuant to Rule 16b-3(d)(2).
4. As of 12/15/03, there are 15,085.542 shares held in the account of the undersigned pursuant to the Plan indicated in Column 7.
5. 40,000 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.
6. 45,000 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.
7. 70,000 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. 65,000 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.
9. Grant of 56.497 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 12/15/03, 11,363.10 total phantom shares deferred.
10. 110,000 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.
11. 120,000 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.
12. 120,000 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.
13. 125,000 option shares with cashless exercise and tax withholding rights awarded on 02/18/02 at the option price of $67.29 per share. 62,500 shares are currently exercisable, with the remaining 62,500 shares becoming exercisable on 02/18/04. The options will expire 10 years from date of grant.
14. 150,000 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, Corporate Secretary 12/17/2003
** 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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