James Chao - Dec 2, 2021 Form 4 Insider Report for WESTLAKE CHEMICAL CORP (WLK)

Role
Chairman, Director, 10%+ Owner
Signature
James Chao by Julia Feng POA
Stock symbol
WLK
Transactions as of
Dec 2, 2021
Transactions value $
$493,462
Form type
4
Date filed
12/3/2021, 06:56 AM
Next filing
Sep 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLK Common Stock Options Exercise $493K +16.4K +19.53% $30.05 101K Dec 2, 2021 Direct
holding WLK Common Stock 92M Dec 2, 2021 TTWF LP & TTWF GP LLC F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WLK Employee Option (right to buy) Options Exercise $0 -16.4K -100% $0.00* 0 Dec 2, 2021 Common Stock 16.4K $30.05 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options are excercisable in three equal installments on February 17, 2013, 2014 and 2015.
F2 93,405,554 shares of Issuer are held through TTWF LP, a Delaware limited partnership, and TTWF GP LLC, a Delaware limited liability company and the general partner of TTWF LP. Two trusts for the benefit of members of the Chao family, including the reporting person, are the managers of TTWFGP LLC. The limited partners of TTWF LP are five trusts, principally for the benefit of members of the Chao family, including the reporting person, and two corporations owned, indirectly or directly, by certain of these trusts and by other entities owned by members of the Chao family, including the reporting person. The reporting person shares investment and voting power with respect to the shares beneficially owned by TTWF LP and TTWFGP LLC. The reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein