SEC Form 4 · accession 0001209191-18-014555
Marathon Petroleum Corp · MPC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary R. Heminger
Officer — Chairman, CEO · Director
Period of report
Feb 26, 2018
Accepted (ET)
Feb 28, 2018 · 4:46 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 26, 2018 | M | 55,178 | $23.04 | A | 599,498 | D | |
| Common StockF1 | Feb 26, 2018 | S | 55,178 | $66.47 | D | 544,320 | D | |
| Common Stock | holding | — | — | — | 10,135 | I | By 401(k) Plan | |
| Common StockF2 | holding | — | — | — | 21,228 | I | By Revocable Trust |
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 | $23.04 | Feb 26, 2018 | M | 55,178 | D | Jun 30, 2011 | Feb 27, 2018 | Common Stock | 55,178 | 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 $66.40 to $66.59, 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.
- F2By Gary R. Heminger Revocable Trust.
- F3This option was previously reported as covering 27,589 shares at an exercise price of $46.08 per share, but has been adjusted to reflect the 2-for-1 stock split that occurred on June 10, 2015.
Remarks
Chairman of the Board and Chief Executive Officer