SEC Form 4 · accession 0001209191-15-014295

Marathon Petroleum Corp · MPC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Richard D. Bedell

Officer — Sr. Vice President, Refining

Period of report

Feb 13, 2015

Accepted (ET)

Feb 17, 2015 · 1:01 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001510295

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Feb 13, 2015	M	12,374	$32.06	A	35,589	D
Common Stock^F1	Feb 13, 2015	S	12,374	$102.26	D	23,215	D
Common Stock	Feb 13, 2015	M	3,490	$25.74	A	26,705	D
Common Stock^F2	Feb 13, 2015	S	3,490	$102.39	D	23,215	D
Common Stock	Feb 13, 2015	M	17,297	$25.74	A	40,512	D
Common Stock^F3	Feb 13, 2015	S	17,297	$102.30	D	23,215	D
Common Stock	holding	—	—		—	983	I	By 401(k) Plan

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (right to buy)^F4	$25.74	Feb 13, 2015	M	3,490	D	Jun 30, 2011	May 26, 2020	Common Stock	3,490	17,297	D
Stock Option (right to buy)^F4	$25.74	Feb 13, 2015	M	17,297	D	Jun 30, 2011	May 26, 2020	Common Stock	17,297	0	D
Stock Option (right to buy)	$32.06	Feb 13, 2015	M	12,374	D	Jun 30, 2011	Jun 1, 2016	Common Stock	12,374	0	D

Explanation of responses

F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.07 to $102.65, inclusive. The reporting person undertakes to provide to Marathon Petroleum Corporation, any security holder of Marathon Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2) and (3) to this Form 4.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.13 to $102.65, inclusive. The reporting person undertakes to provide to Marathon Petroleum Corporation, any security holder of Marathon Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2) and (3) to this Form 4.
F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.11 to $102.655, inclusive. The reporting person undertakes to provide to Marathon Petroleum Corporation, any security holder of Marathon Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2) and (3) to this Form 4.
F4This option, originally in the amount of 20,787, is exercisable as follows: 3,490 shares on June 30, 2011, 8,648 shares on May 26, 2012, and 8,649 shares on May 26, 2013.