4//SEC Filing
Western Refining, Inc. 4
Accession 0001209191-16-111127
CIK 0001339048operating
Filed
Mar 29, 8:00 PM ET
Accepted
Mar 30, 7:43 PM ET
Size
19.1 KB
Accession
0001209191-16-111127
Insider Transaction Report
Form 4
Barfield Lowry
Sr. VP Legal Gen Counsel & Sec
Transactions
- Tax Payment
Common Stock
2016-03-28−2,895→ 21,090 total - Exercise/Conversion
Restricted Share Units
2016-03-28−8,841→ 25,642 total→ Common Stock (8,841 underlying) - Exercise/Conversion
Common Stock
2016-03-28+8,841→ 23,985 total - Award
Restricted Share Units
2016-03-28+42,170→ 67,812 total→ Common Stock (42,170 underlying)
Holdings
- 19,937(indirect: By TGMD Family LLLP)
Common Stock
Footnotes (7)
- [F1]3,949 shares were issued pursuant to a restricted share unit ("RSU") award granted to the reporting person on March 26, 2013, (the "2013 RSU Award"), 1,821 shares were issued pursuant to an RSU award granted to the reporting person on March 26, 2014, (the "2014 RSU Award"), 2,303 shares were issued to the reporting person in partial settlement of the 2014 Annual Performance Bonus Program for Executive Officers On March 26, 2015, (the "2014 Annual Performance Award"), and 768 shares were issued pursuant to an RSU award granted to the reporting person on March 26, 2015, (the "2015 RSU Award"), all of which were settled at the election of the Compensation Committee of WNR's Board of Directors (the "Board") in WNR common stock.
- [F2]These shares of common stock were issuable upon vesting the 2013 RSU Award, the 2014 RSU Award, the 2014 Annual Performance Award, and the 2015 RSU Award, but were withheld to satisfy the reporting person's tax obligations.
- [F3]Each RSU represents a contingent right to receive one share of WNR common stock or, at the election of the Compensation Committee of Board, the cash value thereof. The RSUs were issued as compensation for services as an officer.
- [F4]The 2013 RSU Award, 2014 RSU Award, 2014 Annual Performance Award, and 2015 RSU Award each vests ratably over five years on the fourth business day before the end of March in each of the five years following the date of grant. Shares of WNR common stock or, at the election of the Compensation Committee of the Board, 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.
- [F5]28,113 RSUs were awarded in settlement of the 2015 Annual Performance Bonus Program for Executive Officers (the "2015 Annual Performance Award") and 14,057 RSUs were awarded pursuant to an RSU Award (the "2016 RSU Award"). These RSUs were awarded to the reporting person as compensation for services as an officer.
- [F6]The 2015 Annual Performance Award and the 2016 RSU Award each vests ratably on the fourth business day before the end of March in 2017, 2018 and 2019. Shares of WNR common stock or, at the election of the Compensation Committee of the Board, 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) 7,898 RSUs that remain outstanding pursuant to the 2013 RSU Award; (b) 5,463 RSUs that remain outstanding pursuant to the 2014 RSU award; (c) 9,211 RSUs that remain outstanding pursuant to the 2014 Annual Performance Award; (d) 3,070 RSUs that remain outstanding pursuant to the 2015 RSU Award; (e) 28,113 RSUs that remain outstanding pursuant to the 2015 Annual Performance Award; and (f) 14,057 RSUs that remain outstanding pursuant to the 2016 RSU Award.
Issuer
Western Refining, Inc.
CIK 0001339048
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001339048
Filing Metadata
- Form type
- 4
- Filed
- Mar 29, 8:00 PM ET
- Accepted
- Mar 30, 7:43 PM ET
- Size
- 19.1 KB