Palmer C. Michael 4
4 · Marathon Petroleum Corp · Filed Dec 14, 2017
Insider Transaction Report
Form 4
Palmer C. Michael
Sr. VP, Supply Distrib. & Plan
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2017-12-12−17,298→ 0 totalExercise: $12.87From: 2011-06-30Exp: 2020-05-26→ Common Stock (17,298 underlying) - Sale
Common Stock
2017-12-12$64.55/sh−17,298$1,116,586→ 57,757.68 total - Exercise/Conversion
Common Stock
2017-12-12$12.87/sh+17,298$222,625→ 75,055.68 total
Holdings
- 6,194.357(indirect: By 401(k))
Common Stock
Footnotes (5)
- [F1]Includes .176505 shares acquired pursuant to dividend reinvestment and not previously reported pursuant to Rule 16a-11.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.54 to $64.60, inclusive. The reporting person undertakes to provide to Marathon Petroleum Corporation, any security holder of Marathon Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
- [F3]Includes 37.989 shares acquired pursuant to dividend reinvestment and not previously reported pursuant to Rule 16a-11. Also reflects the deduction of an administrative fee in the amount of .025 shares.
- [F4]This option was previously reported as covering 20,787 shares at an exercise price of $25.74 per share, but has been adjusted to reflect the 2-for-1 stock split that occurred on June 10, 2015.
- [F5]This option, in the adjusted amount of 41,574, was exercisable as follows: 6,980 shares on June 30, 2011, 17,296 shares on May 26, 2012 and 17,298 shares on May 26, 2013. These share amounts reflect the 2-for-1 stock split that occurred on June 10, 2015.