Western Refining, Inc. 4
4 · Western Refining, Inc. · Filed Jan 20, 2017
Insider Transaction Report
Form 4
CORNELIUS SIGMUND L
Director
Transactions
- Award
Restricted Share Units
2017-01-18+4,257→ 12,440 total→ Common Stock (4,257 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 WNR's Board of Directors, the cash value thereof. The RSUs were issued as compensation for services as a director.
- [F2]These RSUs are scheduled to vest on January 17, 2018. The vested shares underlying the RSUs, or the 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.
- [F3]This number of derivative securities, awarded as compensation for services as a director, includes (a) 4,257 shares which vest on January 17, 2018, and (b) 8,183 that remain outstanding pursuant to an RSU award granted on June 27, 2016, which are scheduled to vest on June 27, 2017. The vested shares underlying such RSUs, or the 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.