SEC Form 4 · accession 0001209191-15-072210
Western Refining, Inc. · WNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott D Weaver
Officer — VP, Asst. Treasurer · Director
Period of report
Sep 25, 2015
Accepted (ET)
Sep 25, 2015 · 6:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001339048
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 25, 2015 | M | 1,691 | $0.00 | A | 1,303,382 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF2,F3 | — | Sep 25, 2015 | M | 1,691 | D | — | — | Common Stock | 1,691 | 0 | D |
Explanation of responses
- F1These shares were issued pursuant to a restricted share unit ("RSU") award granted to the reporting person on September 25, 2012 (the "2012 RSU Award"), settled, at the election of the Compensation Committee of WNR's Board of Directors (the "Compensation Committee"), in WNR common stock.
- F2Each RSU represents a contingent right to receive one share of WNR common stock or, at the election of the Compensation Committee, the cash value thereof. The RSUs were issued as compensation for services as an officer.
- F3The 2012 RSU Award vested ratably over three years on September 25th of 2013, 2014 and 2015, and at the election of the Compensation Committee, were settled in shares of WNR common stock. The shares will be delivered to the reporting person on or promptly following the vesting date, but not later than December 31st of the year in which such vesting date occurs.