4//SEC Filing
Western Refining, Inc. 4
Accession 0001209191-15-044697
CIK 0001339048operating
Filed
May 18, 8:00 PM ET
Accepted
May 19, 8:39 PM ET
Size
10.7 KB
Accession
0001209191-15-044697
Insider Transaction Report
Form 4
Jewell William R
Chief Accounting Officer
Transactions
- Exercise/Conversion
Restricted Share Unit
2015-05-15−4,333→ 22,554 total→ Common Stock (4,333 underlying) - Exercise/Conversion
Common Stock
2015-05-15+4,333→ 92,818 total - Sale
Common Stock
2015-05-18$45.38/sh−1,517$68,842→ 91,301 total
Footnotes (7)
- [F1]4,333 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]These trades were conducted pursuant to a 10b5-1 plan entered into on May 23, 2014, primarily for the payment of income taxes required to be paid to the Internal Revenue Service associated with 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]$45.3801 is the weighted average sale price. The shares were sold in various transactions through a broker at prices between $45.1900 per share and $45.4800 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 awarded as compensation for services as an 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) 7,749 RSUs that remain outstanding pursuant to an award granted on March 26, 2013; (b) 4,764 RSUs that remain outstanding pursuant to an award granted on March 26, 2014; (c) 7,531 RSUs that remain outstanding pursuant to the March 26, 2015, RSU award in partial settlement of the 2014 Annual Performance Bonus Program for Executive Officers; and (d) 2,510 RSUs that remain outstanding pursuant 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, 8:39 PM ET
- Size
- 10.7 KB