SEC Form 4 · accession 0001209191-19-013340
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 22, 2019
Accepted (ET)
Feb 26, 2019 · 12:22 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 22, 2019 | M | 83,574 | $10.095 | A | 434,166 | D | |
| Common StockF1 | Feb 22, 2019 | S | 83,574 | $64.998 | D | 350,592 | D | |
| Common Stock | Feb 22, 2019 | M | 103,568 | $10.095 | A | 454,160 | D | |
| Common StockF2 | Feb 22, 2019 | S | 103,568 | $65.001 | D | 350,592 | D | |
| Common Stock | holding | — | — | — | 10,398 | I | By 401(k) Plan | |
| Common StockF3 | holding | — | — | — | 21,228 | I | By Revocable Trust | |
| Common StockF4 | holding | — | — | — | 184,974 | I | By GRAT |
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)F5,F6 | $10.095 | Feb 22, 2019 | M | 83,574 | D | Jun 30, 2011 | Feb 25, 2019 | Common Stock | 83,574 | 103,568 | D |
| Stock Option (right to buy)F5,F6 | $10.095 | Feb 22, 2019 | M | 103,568 | D | Jun 30, 2011 | Feb 25, 2019 | Common Stock | 103,568 | 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 $64.86 to $65.14, 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 $64.86 to $65.16, 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.
- F3By Gary R. Heminger Revocable Trust dated September 25, 2003.
- F4By Gary R. Heminger Irrevocable GRAT dated December 18, 2018.
- F5This option was previously reported as covering 93,571 shares at an exercise price of $20.19 per share, but has been adjusted to reflect the 2-for-1 stock split that occurred on June 10, 2015.
- F6This option, in the adjusted amount of 187,142, was exercisable as follows: 83,574 shares on June 30, 2011 and 103,568 shares on February 25, 2012. These share amounts reflect the 2-for-1 stock split that occurred on June 10, 2015.
Remarks
Chairman of the Board and Chief Executive Officer