SEC Form 4 · accession 0001209191-15-084861
Marathon Petroleum Corp · MPC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pamela K.M. Beall
Officer — Sr. VP (See Remarks)
Period of report
Dec 10, 2015
Accepted (ET)
Dec 14, 2015 · 9:36 am 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 StockF1 | Dec 10, 2015 | M | 38,000 | $20.845 | A | 73,826 | D | |
| Common StockF2 | Dec 10, 2015 | S | 38,000 | $52.73 | D | 35,826 | D | |
| Common Stock | Dec 10, 2015 | M | 9,342 | $17.20 | A | 45,168 | D | |
| Common StockF3 | Dec 10, 2015 | S | 9,342 | $52.73 | D | 35,826 | D |
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 | $20.845 | Dec 10, 2015 | M | 38,000 | D | Feb 23, 2012 | Feb 23, 2021 | Common Stock | 38,000 | 0 | D |
| Stock Option (right to buy)F5 | $17.20 | Dec 10, 2015 | M | 9,342 | D | Dec 5, 2012 | Dec 5, 2021 | Common Stock | 9,342 | 0 | D |
Explanation of responses
- F1On June 10, 2015, the common stock of Marathon Petroleum Corporation split 2-for-1 for holders of record on May 20, 2015, resulting in the reporting person's direct ownership of 17,913 additional shares of common stock.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.25 to $53.22, 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 (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 $52.26 to $53.21, 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 (2) and (3) to this Form 4.
- F4This option was previously reported as covering 19,000 shares at an exercise price of $41.69 per share, but was adjusted to reflect the stock split that occurred on June 10, 2015
- F5This option was previously reported as covering 4,671 shares at an exercise price of $34.40 per share, but was adjusted to reflect the stock split that occurred on June 10, 2015
Remarks
Senior Vice President, Corporate Planning, Government and Public Affairs