Western Refining, Inc. 4
4 · Western Refining, Inc. · Filed Jun 27, 2016
Insider Transaction Report
Form 4
Beyersdorfer Jeffrey S.
Sr. VP - Treasurer
Transactions
- Award
Common Stock
2016-06-23+1,407→ 63,860 total
Footnotes (1)
- [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 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, (ii) $26.06 in cash without interest or (iii) 0.7036 of a share of WNR common stock.