SEC Form 4 · accession 0001209191-17-065588
Marathon Petroleum Corp · MPC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C. Michael Palmer
Officer — Sr. VP, Supply Distrib. & Plan
Period of report
Dec 12, 2017
Accepted (ET)
Dec 14, 2017 · 1:48 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 StockF1 | Dec 12, 2017 | M | 17,298 | $12.87 | A | 75,056 | D | |
| Common StockF2 | Dec 12, 2017 | S | 17,298 | $64.55 | D | 57,758 | D | |
| Common StockF3 | holding | — | — | — | 6,194 | 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,F5 | $12.87 | Dec 12, 2017 | M | 17,298 | D | Jun 30, 2011 | May 26, 2020 | Common Stock | 17,298 | 0 | D |
Explanation of responses
- F1Includes .176505 shares acquired pursuant to dividend reinvestment and not previously reported pursuant to Rule 16a-11.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.54 to $64.60, 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 range set forth in footnote (1) to this Form 4.
- F3Includes 37.989 shares acquired pursuant to dividend reinvestment and not previously reported pursuant to Rule 16a-11. Also reflects the deduction of an administrative fee in the amount of .025 shares.
- F4This option was previously reported as covering 20,787 shares at an exercise price of $25.74 per share, but has been adjusted to reflect the 2-for-1 stock split that occurred on June 10, 2015.
- F5This option, in the adjusted amount of 41,574, was exercisable as follows: 6,980 shares on June 30, 2011, 17,296 shares on May 26, 2012 and 17,298 shares on May 26, 2013. These share amounts reflect the 2-for-1 stock split that occurred on June 10, 2015.
Remarks
Senior Vice President, Supply Distribution and Planning