4//SEC Filing
Western Refining, Inc. 4
Accession 0001209191-15-044699
CIK 0001339048operating
Filed
May 18, 8:00 PM ET
Accepted
May 19, 8:47 PM ET
Size
11.7 KB
Accession
0001209191-15-044699
Insider Transaction Report
Form 4
Smith Mark J
President-Refining & Marketing
Transactions
- Exercise/Conversion
Restricted Share Units
2015-05-15−9,639→ 62,716 total→ Common Stock (9,639 underlying) - Exercise/Conversion
Common Stock
2015-05-15+9,639→ 9,639 total - Sale
Common Stock
2015-05-18$45.95/sh−4,536$208,429→ 5,103 total
Holdings
- 24,433(indirect: By Trust)
Common Stock
Footnotes (7)
- [F1]9,639 shares were issued pursuant to a restricted share unit ("RSU") award granted to the reporting person 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 14, 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 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) 2,369 RSUs that remain outstanding and for which settlement has been deferred purusant to the RSU award granted on February 28, 2011; (b) 11,027 RSUs that remain outstanding and for which settlement has been deferred pursuant to the 2012 RSU Award; (c) 16,945 RSUs that remain outstanding pursuant to the RSU award granted on March 26, 2013; (d) 10,419 RSUs that remain outstanding pursuant to the RSU award granted on March 26, 2014; (e) 16,467 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 (f) 5,489 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, 8:47 PM ET
- Size
- 11.7 KB