SUNOCO INC 4
4 · SUNOCO INC · Filed Jan 2, 2008
Insider Transaction Report
Form 4
SUNOCO INCSUN
RATCLIFFE GEORGE J
Director
Transactions
- Exercise/Conversion
Deferred Share Units
2008-01-02$70.73/sh−8,504.5$601,532→ 2,358.012 total→ Common Stock (8,504.5 underlying) - Exercise/Conversion
Phantom Stock Units
2008-01-02$70.73/sh−14,655.269$1,036,582→ 4,487.83 total→ Common Stock (14,655.269 underlying)
Footnotes (5)
- [F1]Conversion rate is 1 for 1.
- [F2]"As a Sunoco, Inc. director who will attain age 72 on or before December 2010, and in accordance with applicable Internal Revenue Service transition rules under Internal Revenue Code ?409A, the reporting person elected, on or before December 14, 2007, to do the following: 1. effective January 2, 2008, convert to Cash Units (i.e., interest-bearing cash equivalents) the account balance amount deferred in the form of Share Units under the Sunoco, Inc. Directors' Deferred Compensation Plan I ("Plan I"), with each Share Unit so converted being valued at the average closing price of a share of Sunoco, Inc. common stock for the period of ten (10) trading days immediately prior to January 1, 2008; and 2. receive, on June 25, 2008, a one-time cash payment of the Cash Unit account balance amount in such converted Plan I."
- [F3]Not Applicable
- [F4]Total of 2,358.012 Restricted Share Units beneficially owned under Sunoco, Inc.'s Directors' Deferred Compensation Plan II following reported transaction.
- [F5]Total of 4,487.83 Phantom Stock Units beneficially owned under Sunoco, Inc.'s Directors' Deferred Compensation Plan II following reported transaction.