Western Refining, Inc. 4
4 · Western Refining, Inc. · Filed Jan 20, 2017
Insider Transaction Report
Form 4
Hassler Robert J
Director
Transactions
- Award
Restricted Share Units
2017-01-18+4,257→ 19,137 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, (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, and (c) 6,697 RSUs which have vested, each of which are subject to a deferral election made by the reporting person. The 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.