SEC Form 4 · accession 0001209191-18-034567
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
May 30, 2018
Accepted (ET)
Jun 1, 2018 · 12:10 pm EDT
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 | May 30, 2018 | M | 14,818 | $20.775 | A | 51,869 | D | |
| Common Stock | May 30, 2018 | M | 10,000 | $20.845 | A | 61,869 | D | |
| Common StockF1 | May 30, 2018 | S | 14,818 | $79.41 | D | 47,051 | D | |
| Common StockF2 | May 30, 2018 | S | 10,000 | $79.55 | D | 37,051 | D | |
| Common StockF3 | holding | — | — | — | 2,974 | 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 | $20.845 | May 30, 2018 | M | 10,000 | D | Feb 23, 2012 | Feb 23, 2021 | Common Stock | 10,000 | 0 | D |
| Stock Option (right to buy)F6,F7 | $20.775 | May 30, 2018 | M | 14,818 | D | Mar 1, 2013 | Mar 1, 2022 | Common Stock | 14,818 | 30,000 | 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 $79.31 to $79.60, 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 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 $79.48 to $79.60, 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 ranges set forth in footnotes (1) and (2) to this Form 4.
- F3Reflects the deduction of an administrative fee in the amount of .018 shares.
- F4This option was previously reported as covering 21,125 shares at an exercise price of $41.69 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 42,250, was exercisable as follows: 14,082 shares on February 23, 2012, 14,084 shares on February 23, 2013 and 14,084 shares on February 23, 2014. These share amounts reflect the 2-for-1 stock split that occurred on June 10, 2015.
- F6This option was previously reported as covering 22,409 shares at an exercise price of $41.55 per share, but has been adjusted to reflect the 2-for-1 stock split that occurred on June 10, 2015.
- F7This option, in the adjusted amount of 44,818, was exercisable as follows: 14,938 shares on March 1, 2013, 14,940 shares on March 1, 2014 and 14,940 shares on March 1, 2015. These share amounts reflect the 2-for-1 stock split that occurred on June 10, 2015.
Remarks
Senior Vice President, Marketing