SEC Form 4 · accession 0001534701-16-000104

Phillips 66 · PSX

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

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Greg C. Garland

Officer — Chairman and CEO · Director

Period of report

Feb 2, 2016

Accepted (ET)

Feb 4, 2016 · 5:15 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001534701

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Restricted Stock Units^F1	Feb 2, 2016	A	37,515	$78.62	A	152,287	D
Common Stock	holding	—	—		—	58,352	D
Common Stock^F2	holding	—	—		—	14,225	I	By Phillips 66 Savings Plan

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (Right to Buy)^F3	$78.62	Feb 2, 2016	A	174,700	A	—	Feb 2, 2026	Common Stock	174,700	174,700	D
Employee Stock Option (Right to Buy)^F4	$74.135	holding	—	—	—	—	Feb 3, 2025	Common Stock	146,700	146,700	D
Stock Options (Right to Buy)^F5	$72.255	holding	—	—	—	—	Feb 6, 2024	Common Stock	126,300	126,300	D
Stock Options (Right to Buy)^F6	$62.17	holding	—	—	—	—	Feb 7, 2023	Common Stock	158,500	158,500	D
Employee Stock Option (Right to Buy)^F7	$32.03	holding	—	—	—	—	Feb 9, 2022	Common Stock	169,228	169,228	D
Employee Stock Option (Right to Buy)^F8	$31.25	holding	—	—	—	—	Feb 10, 2021	Common Stock	119,989	12,165	D
Phantom Stock^F9,F10	—	holding	—	—	—	—	—	Common Stock	12,097	12,097	D
Performance Stock Units^F11,F12	—	holding	—	—	—	—	—	Common Stock	513,181	513,181	D

Explanation of responses

F1Restricted Stock Units settle for shares of Phillips 66 common stock on a 1-for-1 basis on the third anniverary of the grant provided performance criteria are met.
F10The shares of phantom stock were acquired under a Defined Contribution Makeup Plan providing for settlement upon termination of employment, subject to possible deferred payment in certain circumstances. The reporting of this transaction is not an acknowledgment that it is not an exempt transaction under an Excess Benefit Plan pursuant to Rule 16b-3(c).
F11Performance Stock Units (PSUs) settle for shares of Phillips 66 common stock on a 1-for-1 basis at the end of the escrow period. The escrow period ends on the earliest to occur of: (a) five years; (b) termination of employment as a result of layoff; (c) termination of employment after attainment of age 55 with five years of service; (d) termination of employment due to death or total disability; or (e) termination of employment following a change in control. The PSUs will be forfeited if the reporting person separates from service prior to the end of the escrow period for any reason other than those listed above. During the escrow period, the reporting person may not dispose of PSUs. The reporting person may also elect to defer settlement of PSUs until a later date.
F12The Performance Stock Units do not have an expiration date.
F2Includes shares acquired through on-going acquisitions under 401(k) plan and/or routine dividend transactions that are exempt under rule 16a-1.
F3The stock options become exercisable in three equal annual installments beginning February 2, 2017.
F4The stock options become exercisable in three equal annual installments beginning February 3, 2016.
F5The stock options become exercisable in three equal annual installments beginning February 6, 2015.
F6The stock options become exercisable in three equat annual installments beginning February 7, 2014.
F7The stock options become exercisable in three equal annual installments beginning February 9, 2013.
F8The remaining 12,165 stock options are fully vested.
F9The shares of phantom stock convert to Phillips 66 stock on a 1-for-1 basis.