Western Refining, Inc. 4
4 · Western Refining, Inc. · Filed Jun 29, 2016
Insider Transaction Report
Form 4
Hassler Robert J
Director
Transactions
- Award
Restricted Share Units
2016-06-27+8,183→ 14,880 total→ Common Stock (8,183 underlying)
Footnotes (3)
- [F1]Each restricted share unit ("RSU") represents a contingent right to receive one share of WNR common stock or, at the election of the Compensation Committee of the Board, the cash value thereof. The RSUs were issued as compensation for services as a director.
- [F2]The RSUs are scheduled to vest on June 27, 2017. Due to a deferral election made by the reporting person, the vested shares underlying the RSUs, or the value thereof, 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 deferral.
- [F3]This number of derivative securities, awarded as compensation for services as a director, includes (a) 8,183 shares which vest on June 27, 2017, and (b) 6,697 RSUs which have vested, each of which are subject to a deferral election made by the reporting person. Vested shares underlying such RSUs, or the value thereof, 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 deferral.