SEC Form 4 · accession 0001209191-17-019247

Marathon Petroleum Corp · MPC

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

Reporting owner

Thomas M. Kelley

Officer — Sr. Vice President, Marketing

Period of report

Mar 6, 2017

Accepted (ET)

Mar 8, 2017 · 4:15 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	Mar 6, 2017	M	11,450	$21.69	A	46,103	D
Common Stock^F1	Mar 6, 2017	S	11,450	$50.65	D	34,653	D
Common Stock	Mar 6, 2017	M	17,306	$12.395	A	51,959	D
Common Stock^F2	Mar 6, 2017	S	17,306	$50.61	D	34,653	D
Common Stock	holding	—	—		—	2,875	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)^F3	$21.69	Mar 6, 2017	M	11,450	D	Jun 30, 2011	May 28, 2018	Common Stock	11,450	0	D
Stock Option (right to buy)^F4,F5	$12.395	Mar 6, 2017	M	17,306	D	Jun 30, 2011	May 27, 2019	Common Stock	17,306	13,962	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 $50.57 to $50.75, 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) and (2) 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 $50.52 to $50.72, 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) and (2) to this Form 4.
F3This option was previously reported as covering 5,725 shares at an exercise price of $43.38 per share, but has been adjusted to reflect the 2-for-1 stock split that occurred on June 10, 2015.
F4This option was previously reported as covering 15,634 shares at an exercise price of $24.79 per share, but has been adjusted to reflect the 2-for-1 stock split that occurred on June 10, 2015.
F5This option, originally in the amount of 31,268, is exercisable as follows: 13,962 shares on June 30, 2011 and 17,306 shares on May 27, 2012. These share amounts reflect the 2-for-1 stock split that occurred on June 10, 2015.

Remarks

Senior Vice President, Marketing