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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
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*
Yaggi William T

(Last) (First) (Middle)
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)
06/15/2006
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 3,595 D(1)
Common Stock 06/15/2006 A(2) 1.418 A (2) 273.431(3) 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
Phantom Restricted Shares (Strategic Excellence Program) (4) 06/15/2006 A(4) 2.63 (4) (4) Common (4) $0 498.538(4) D
Deferred Phantom ESAP Stock in WEDSP (5) 06/15/2006 A(5) 5.106 (5) (5) Common (5) $0 968.049(5) D
Deferred Phantom ESAP Stock in WEDSP II (6) 06/15/2006 A(6) 2.742 (6) (6) Common (6) $0 519.814(6) D
Phantom Restricted Stock (Special Retention Program) (7) 06/15/2006 A(7) 40.23 (7) (7) Common (7) $0 7,707.47(7) D
Phantom Restricted Shares (Strategic Excellence Program) (8) (8) (8) Common 658 658 D
Phantom Restricted Stock (Special Retention Program) (9) (9) (9) Common 7,400 7,400 D
Phantom Restricted Stock (Special Retention Program) (10) (10) (10) Common 20,000 20,000 D
Employee Stock Option (Right to Buy) (11) (11) (11) Common 3,000 3,000 D
Employee Stock Option (Right to Buy) (12) (12) (12) Common 7,500 7,500 D
Employee Stock Option (Right to Buy) (13) (13) (13) Common 9,000 9,000 D
Employee Stock Option (Right to Buy) (14) (14) (14) Common 18,000 18,000 D
Employee Stock Option (Right to Buy) (15) (15) (15) Common 4,178 4,178 D
Employee Stock Option (Right to Buy) (16) (16) (16) Common 5,600 5,600 D
Explanation of Responses:
1. 3,488 shares are held in a brokerage account in the undersigned's name.
2. The securities herein were acquired on 06/15/06 pursuant to the Plan indicated in Column 7 at $81.09393 per share in transactions exempt from Section 16(b) pursuant to Rule 16(b)-3(c).
3. As of 06/15/06, there are 273.431 shares held in the account of the undersigned pursuant to the Plan indicated in Column 7.
4. Grant of 2.63 phantom shares of common stock ("dividend equivalents") based on phantom shares deferred under the Strategic Excellence Program in transactions exempt under Rule 16b-3. As of 06/15/06, 498.538 total phantom shares deferred which includes dividend equivalents earned in phantom restricted stock.
5. Grant of 5.106 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 06/15/06, 968.049 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.
6. Grant of 2.742 phantom shares of common stock ("dividend equivalents") based on phantom shares deferred under the Executive Deferred Savings Plan II in transactions exempt under Rule 16b-3. As of 06/15/06, 519.814 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.
7. Grant of 40.23 phantom shares of common stock ("dividend equivalents") based on original deferral of 7,400 phantom restricted share (Special Retention Program) awarded under the Whirlpool Corporation 1998 Omnibus Stock & Incentive Plan in transactions exempt under Rule 16(b)-3(c). As of 06/15/06, 7,707.47 total phantom shares deferred, which includes dividend equivalents earned in phantom restricted stock.
8. 658 phantom stock shares (Strategic Excellence Program) awarded on 02/14/2005 under the SEP 2004 grant made pursuant to the 2002 Whirlpool Corporation Omnibus Stock & Incentive Plan in transactions exempt under Rule 16(b)-3(c). Time restrictions on these shares will lapse on 02/14/2007.
9. 7,400 phantom stock shares (Special Retention Program) awarded under the Whirlpool Corporation 1998 Omnibus Stock & Incentive Plan in transactions exempt under Rule 16(b)-3(c). Shares will vest on 02/18/2008. Participants may elect to defer receipt of vested shares. Dividend equivalents on deferred stock will be invested in additional stock.
10. 20,000 phantom stock shares (Special Retention Program) awarded on 06/14/2004 with the effective date of the award to be 07/01/2004 under the Whirlpool Corporation 2002 Omnibus Stock & Incentive Plan in transactions exempt under Rule 16(b)-3(c). Shares will become vested as follows: 50% on 07/01/2007 and 50% on 07/01/2011. Participants may elect to defer receipt of vested shares. Dividend equivalents on deferred stock will be invested in additional stock.
11. 3,000 option shares awarded on 06/15/1998 at the option price of $63.13 per share with tax withholding rights. All shares are currently exercisable and will expire 10 years from the date of grant.
12. 7,500 option shares awarded on 02/19/2001 at the option price of $54.07 per share with cashless exercise and tax withholding rights. All shares are currently exercisable and will expire 10 years from the date of grant.
13. 9,000 option shares awarded on 02/18/2002 at the option price of $67.29 per share with cashless exercise and tax withholding rights. All shares are currently exercisable and will expire 10 years from the date of grant.
14. 18,000 option shares awarded on 02/17/2003 at the option price of $49.60 per share with cashless exercise and tax withholding rights. All shares are currently exercisable and will expire 10 years from the date of grant.
15. 4,178 option shares awarded on 02/16/2004 at the option price of $72.94 per share with cashless exercise and tax withholding rights. 2,785 shares are currently exercisable with the remaining shares becoming exercisable on 02/16/2007. The options will expire 10 years from the date of grant.
16. 5,600 option shares with cashless exercise and tax withholding rights awarded on 02/20/2006 at the option price of $89.16 per share. Shares will become exercisable as follows: one-third on 02/20/2007; one-third on 02/20/2008; and one-third on 02/20/2009. The options will expire 10 years from the date of grant.
Remarks:
/s/ Robert T. Kenagy, Corporate Secretary 06/16/2006
** 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.