4//SEC Filing
Sanders William D 4
Accession 0001209191-12-043045
CIK 0001339048other
Filed
Aug 22, 8:00 PM ET
Accepted
Aug 23, 8:16 PM ET
Size
8.7 KB
Accession
0001209191-12-043045
Insider Transaction Report
Form 4
Sanders William D
Director
Transactions
- Sale
Common Stock
2012-08-21$27.58/sh−5,806$160,129→ 37,859 total - Other
Restricted Share Units
2012-08-21$27.58/sh−8,172$225,384→ 9,909 total→ Common Stock (8,172 underlying)
Footnotes (4)
- [F1]Each restricted share unit represents a contingent right to receive one share of WNR common stock or, at the election of the Compensation Committee of WNR's Board of Directors, the cash value thereof. The restricted share units were issued as compensation for services as a director.
- [F2]The reporting person made an election under the Western Refining, Inc. Non-Employee Director Deferred Compensation Plan (the "Plan") to notionally reinvest the reporting person's notional interest in the Deferred Shares (as defined below) in another investment option under the Plan.
- [F3]6439 restricted share units vested on June 7, 2012, and 1733 restricted share units vested on June 27, 2012, all of which were to be settled, at the election of the Compensation Committee of WNR's Board of Directors, in WNR common stock. Due to a deferral election made by the reporting person under the Plan the vested shares underlying the restricted share units that would have been received upon settlement (the "Deferred Shares") 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 Plan.
- [F4]This number of derivative securities includes 2048 restricted share units received by the reporting person on September 27, 2011, which vest on September 25, 2012; 1361 restricted share units received by the reporting person on December 27, 2011, which vest on December 26, 2012; 1426 restricted share units received by the reporting person on March 27, 2012, which vest on March 26, 2013; and 5074 restricted share units received by the reporting person on June 8, 2012, which vest on June 8, 2013; in each case, the settlement of which is subject to a deferral election of the reporting person.
Documents
Issuer
Western Refining, Inc.
CIK 0001339048
Entity typeother
Related Parties
1- filerCIK 0001390788
Filing Metadata
- Form type
- 4
- Filed
- Aug 22, 8:00 PM ET
- Accepted
- Aug 23, 8:16 PM ET
- Size
- 8.7 KB