4//SEC Filing
Western Refining, Inc. 4
Accession 0000899243-16-023667
CIK 0001339048operating
Filed
Jun 26, 8:00 PM ET
Accepted
Jun 27, 7:48 PM ET
Size
7.3 KB
Accession
0000899243-16-023667
Insider Transaction Report
Form 4
WEAVER SCOTT D
DirectorVice President & Asst. Sec.
Transactions
- Award
Common Stock
2016-06-23+2,593→ 1,305,975 total - Award
Common Stock
2016-06-23+1,254→ 1,307,229 total
Footnotes (2)
- [F1]The transaction reported occurred in connection with the merger of Northern Tier Energy LP ("NTI") with a wholly owned subsidiary of Western Refining, Inc. ("WNR"), effective June 23, 2016. On June 23, 2016, the last trading day for NTI common units, the closing price of NTI common units was $21.15 per unit and the closing price of WNR's common stock was $20.25. Each NTI common unit held by the reporting person (except for the vested NTI phantom units discussed in Note 2, which received the Mixed Consideration) was converted into the right to receive, at his election but subject to proration, (i) $15.00 in cash without interest and 0.2986 of a share of WNR common stock ("Mixed Consideration"), (ii) $26.06 in cash without interest or (iii) 0.7036 of a share of WNR common stock.
- [F2]The reporting person received $15.00 in cash without interest and 0.2986 of a share of WNR common stock for each time-based NTI phantom unit held that vested immediately prior to the effective time of the Merger. The reporting person held 4,202 time-based NTI phantom units immediately prior to the effective time of the merger.
Documents
Issuer
Western Refining, Inc.
CIK 0001339048
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001339048
Filing Metadata
- Form type
- 4
- Filed
- Jun 26, 8:00 PM ET
- Accepted
- Jun 27, 7:48 PM ET
- Size
- 7.3 KB