Francis L Frederick 4
4 · Western Refining, Inc. · Filed Jun 12, 2012
Insider Transaction Report
Form 4
Francis L Frederick
Director
Transactions
- Award
Restricted Share Units
2012-06-08+5,074→ 20,651 total→ Common Stock (5,074 underlying)
Footnotes (2)
- [F1]Each restricted share unit represents a contingent right to receive one share of WNR common stock or, at WNR's election, the cash value thereof. The restricted share units were issued as compensation for services as a director.
- [F2]The restricted share units vest on June 8, 2013. Due to a deferral election made by the reporting person, the vested shares underlying the restricted share units, or the value thereof, will be delivered to the reporting person on or promptly following the date on which the reporting person ceases to be a director of WNR, or on an earlier date as may be provided under the terms of the deferral.