SEC Form 4 · accession 0001209191-17-004843
Western Refining, Inc. · WNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Hassler
Director
Period of report
Jan 18, 2017
Accepted (ET)
Jan 20, 2017 · 4:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001339048
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF3,F1,F2 | — | Jan 18, 2017 | A | 4,257 | A | — | — | Common Stock | 4,257 | 19,137 | D |
Explanation of responses
- F1Each restricted share unit ("RSU") represents a contingent right to receive one share of WNR common stock or, at the election of the Compensation Committee of WNR's Board of Directors, the cash value thereof. The RSUs were issued as compensation for services as a director.
- F2These RSUs are scheduled to vest on January 17, 2018. The vested shares underlying the RSUs, or the value thereof, will be delivered to the reporting person on or promptly following the vesting date applicable thereto, but not later than December 31 of the year in which such vesting date occurs.
- F3This number of derivative securities, awarded as compensation for services as a director, includes (a) 4,257 shares which vest on January 17, 2018, (b) 8,183 that remain outstanding pursuant to an RSU award granted on June 27, 2016, which are scheduled to vest on June 27, 2017, and (c) 6,697 RSUs which have vested, each of which are subject to a deferral election made by the reporting person. The vested shares underlying such RSUs, or the value thereof, will be delivered to the reporting person on or promptly following the date on which the reporting person ceases to be a director of WNR, or on an earlier date as may be provided under the terms of the deferral.