4//SEC Filing
TESORO CORP /NEW/ 4
Accession 0001671974-16-000029
CIK 0000050104operating
Filed
Aug 3, 8:00 PM ET
Accepted
Aug 4, 2:34 PM ET
Size
9.5 KB
Accession
0001671974-16-000029
Insider Transaction Report
Form 4
Schofield Daryl R
SVP, Commercial
Transactions
- Exercise/Conversion
Common Stock
2016-08-02+5,977→ 9,202 total - Tax Payment
Common Stock
2016-08-02$73.98/sh−2,508$185,542→ 6,694 total - Exercise/Conversion
Market Stock Unit Award
2016-08-02−4,000→ 14,465 total→ Common Stock (5,977 underlying)
Footnotes (6)
- [F1]Payment of common shares that vested and settled pursuant to Market Stock Unit ("MSU") Award originally granted by the Compensation Committee of the Company's Board of Directors on July 29, 2013 pursuant to the Company's 2011 Long-Term Incentive Plan. The potential payout for the MSU Award at vesting ranged from 0% to 200% with payout certified by the Compensation Committee at 149.41%.
- [F2]The Company's Long-Term Executive Incentive Compensation Plan permits grantees to pay their federal income tax liability with shares thereby reducing the common share issued upon settlment.
- [F3]The market stock unit award vested on July 29, 2016 but settled in stock upon certification by the Compensation Committee on August 2, 2016.
- [F4]Award granted by the Compensation Committee of the Board of Directors.
- [F5]Each market stock unit award represents a contingent right to receive one share of TSO common sock at target payout levels.
- [F6]Includes multiple grants of MSUs with different vesting dates and performance criteria.
Documents
Issuer
TESORO CORP /NEW/
CIK 0000050104
Entity typeoperating
Related Parties
1- filerCIK 0000050104
Filing Metadata
- Form type
- 4
- Filed
- Aug 3, 8:00 PM ET
- Accepted
- Aug 4, 2:34 PM ET
- Size
- 9.5 KB