4//SEC Filing
Western Refining, Inc. 4
Accession 0001209191-15-044692
CIK 0001339048operating
Filed
May 18, 8:00 PM ET
Accepted
May 19, 8:24 PM ET
Size
10.7 KB
Accession
0001209191-15-044692
Insider Transaction Report
Form 4
Beyersdorfer Jeffrey S.
Sr. VP - Treasurer
Transactions
- Exercise/Conversion
Common Stock
2015-05-15+9,076→ 61,955 total - Sale
Common Stock
2015-05-18$45.95/sh−4,050$186,097→ 57,905 total - Exercise/Conversion
Restricted Share Units
2015-05-15−9,076→ 25,371 total→ Common Stock (9,076 underlying)
Footnotes (7)
- [F1]9,076 shares were issued pursuant to a restricted share unit ("RSU") award granted to the reporting person on February 17, 2012 (the "2012 RSU Award"), settled at the election of the Compensation Committee of WNR's Board of Directors in WNR common stock.
- [F2]This sale was made, pursuant to an election dated May 15, 2014, for the payment of income taxes required to be paid to the Internal Revenue Service as a result of the vesting of equity awards.
- [F3]The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F4]$45.9499 is the weighted average sale price. The shares were sold in various transactions through a broker at prices between $45.7400 per share and $46.2100 per share.
- [F5]Each RSU 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 RSUs were issued as compensation for services as a officer.
- [F6]The 2012 RSU Award vests ratably over three years on May 15 of each of the three years following the date of grant. Shares of WNR common stock or, at the election of the Compensation Committee of WNR's Board of Directors, the cash value thereof, will be delivered to the reporting person on or promptly following the vesting date applicable thereto, but not later than December 31 of the year in which such vesting date occurs.
- [F7]This number of derivative securities includes (a) 9,231 RSUs that remain outstanding pursuant to the RSU award granted on March 26, 2013; (b) 5,675 RSUs that remain outstanding pursuant to the RSU award granted on March 26, 2014; (c) 8,970 RSUs that remain outstanding pursuant to the March 26, 2015, RSU award in partial settlement of the 2014 Annual Performance Bonus Program for Exectuve Officers; and (d) 1,495 RSUs that remain outstanding purusant to the RSU award granted on March 26, 2015.
Documents
Issuer
Western Refining, Inc.
CIK 0001339048
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001339048
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 8:24 PM ET
- Size
- 10.7 KB