4//SEC Filing
TESORO CORP /NEW/ 4
Accession 0001245156-15-000016
CIK 0000050104operating
Filed
Feb 11, 7:00 PM ET
Accepted
Feb 12, 4:04 PM ET
Size
11.7 KB
Accession
0001245156-15-000016
Insider Transaction Report
Form 4
Parrish Charles S
SVP, Gen Counsel & Sec
Transactions
- Exercise/Conversion
Common Stock
2015-02-10+28,000→ 120,210 total - Tax Payment
Common Stock
2015-02-10$88.10/sh−11,746$1,034,823→ 108,464 total - Exercise/Conversion
Market Stock Unit Award
2015-02-10−14,000→ 13,075 total→ Common Stock (28,000 underlying) - Award
Market Stock Unit Award
2015-02-10+4,707→ 17,782 total→ Common Stock (4,707 underlying)
Footnotes (7)
- [F1]The Company's Long Term Incentive Plan permits grantees to pay the federal income tax liability with shares thereby reducing the awards listed above.
- [F2]Each market stock unit award represents a contingent right to receive shares of TSO common stock at target payout levels.
- [F3]The market stock unit award vested on February 1, 2015, but settled in stock upon certification by the Compensation Committee on February 10, 2015.
- [F4]Payment of common shares that vested and settled pursuant to Market Stock Unit Award originally granted by the Compensation Committee of the Company's Board of Directors on May 11, 2011 pursuant to the Company's 2011 Long-Term Incentive Plan. The potential payout for the MSU Award at vesting ranged from 50% to 200%, with payout certified by the Compensation Committee at 200%.
- [F5]The market stock unit award will vest on February 10, 2018 and will be settled in stock between 50% and 200% of target payout levels.
- [F6]Balance includes multiple grants with various vesting dates.
- [F7]Award granted by the Compensation Committee of the Board of Directors.
Documents
Issuer
TESORO CORP /NEW/
CIK 0000050104
Entity typeoperating
Related Parties
1- filerCIK 0000050104
Filing Metadata
- Form type
- 4
- Filed
- Feb 11, 7:00 PM ET
- Accepted
- Feb 12, 4:04 PM ET
- Size
- 11.7 KB