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4//SEC Filing

Phillips 66 4

Accession 0001534701-16-000181

$PSXCIK 0001534701operating
View on SEC.govCompany Profile

Filed

Nov 16, 7:00 PM ET

Accepted

Nov 17, 5:22 PM ET

Size

19.7 KB

Accession

0001534701-16-000181

Insider Transaction Report

Form 4
Period: 2016-11-16
Phillips 66PSX
Taylor Timothy Garth
Executive Vice President
Transactions
  • Exercise/Conversion

    Employee Stock Option (Right to Buy)

    2016-11-16−27,260→ 0 total
    Exercise: $32.03Exp: 2022-02-09→ Common Stock (27,260 underlying)
  • Exercise/Conversion

    Common Stock

    2016-11-16$32.03/sh+27,260$873,138→ 68,878 total
  • Sale

    Common Stock

    2016-11-16$82.91/sh−27,260$2,260,127→ 41,618 total
Holdings

  • Common Stock

    (indirect: By Phillips 66 Savings Plan)
    485.524

  • Stock Options (Right to Buy)

    Exercise: $72.25Exp: 2024-02-06→ Common Stock (30,100 underlying)
    30,100

  • Restricted Stock Units

    41,434

  • Stock Options (Right to Buy)

    Exercise: $62.17Exp: 2023-02-07→ Common Stock (32,100 underlying)
    32,100

  • Performance Stock Units

    → Common Stock (119,096 underlying)
    119,096

  • Employee Stock Option (Right to Buy)

    Exercise: $74.14Exp: 2025-02-03→ Common Stock (52,300 underlying)
    52,300

  • Employee Stock Option (Right to Buy)

    Exercise: $78.62Exp: 2026-02-02→ Common Stock (60,700 underlying)
    60,700

  • Phantom Stock

    → Common Stock (1,990.756 underlying)
    1,990.756
Footnotes (12)
  • [F1]The price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.78 to $83.00. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  • [F10]The Performance Stock Units do not have an expiration date.
  • [F11]The shares of phantom stock convert to Phillips 66 stock on a 1-for-1 basis.
  • [F12]The shares of phantom stock were acquired under a Defined Contribution Makeup Plan providing for settlement upon termination of employment, subject to possible deferred payment in certain circumstances. The reporting of this transaction is not an acknowledgment that it is not an exempt transaction under an Excess Benefit Plan pursuant to Rule 16b-3(c).
  • [F2]Includes shares acquired through on-going acquisitions under 401(k) plan and/or routine dividend transactions that are exempt under rule 16a-1.
  • [F3]The stock units will be forfeited if the reporting person separates from service prior to the end of an escrow period ending on the earliest to occur of the following: (a) termination of employment as a result of layoff; (b) termination of employment after attainment of age 55 with five years of service; (c) termination of employment due to death or total disability; or (d) termination of employment following a change in control. During the escrow period, the reporting person may not dispose of the stock units. The stock units will convert to common stock on the later of (a) the end of the escrow period or (b) the earlier of (i) death or (ii) six months after separation from service in which case the stock units will convert to common stock. The reporting person may also elect to defer conversion of stock units until a later date.
  • [F4]Restricted Stock Units settle for shares of Phillips 66 common stock on a 1-for-1 basis on the third anniversary of the grant provided performance criteria are met.
  • [F5]The stock options become exercisable in three equal annual installments beginning on February 9, 2013.
  • [F6]The stock options become exercisable in three equal annual installments beginning on February 7, 2014.
  • [F7]The stock options become exercisable in three equal annual installments beginning on February 6, 2015.
  • [F8]The stock options become exercisable in three equal annual installments beginning on February 3, 2016.
  • [F9]Performance Stock Units settle for cash based on the fair market value on the vesting date, which is the third anniversary of the grant provided performance criteria are met.

Documents

1 file

Issuer

Phillips 66

CIK 0001534701

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001534701

Filing Metadata

Form type
4
Filed
Nov 16, 7:00 PM ET
Accepted
Nov 17, 5:22 PM ET
Size
19.7 KB
View on SEC.gov