SEC Form 4 · accession 0001534701-17-000055

Phillips 66 · PSX

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

Reporting owner

Robert A Herman

Officer — Executive Vice President

Period of report

Apr 4, 2017

Accepted (ET)

Apr 5, 2017 · 4:29 pm EDT

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
Common Stock^F1	Apr 4, 2017	M	5,374	$0.00	A	16,962	D
Common Stock	Apr 4, 2017	F	2,129	$78.11	D	14,833	D
Restricted Stock Units^F2	holding	—	—		—	20,059	D
Common Stock^F3	holding	—	—		—	4,668	I	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
Performance Stock Units^F1,F4,F5	—	Apr 4, 2017	M	5,374	D	—	—	Common Stock	5,374	54,361	D
Employee Stock Option (Right to Buy)^F6	$78.475	holding	—	—	—	—	Feb 7, 2027	Common Stock	30,700	30,700	D
Employee Stock Option (Right to Buy)^F7	$78.62	holding	—	—	—	—	Feb 2, 2026	Common Stock	28,800	28,800	D
Employee Stock Option (Right to Buy)^F8	$74.135	holding	—	—	—	—	Feb 3, 2025	Common Stock	23,500	23,500	D
Stock Options (Right to Buy)^F9	$72.255	holding	—	—	—	—	Feb 6, 2024	Common Stock	11,400	11,400	D
Stock Options (Right to Buy)^F10	$62.17	holding	—	—	—	—	Feb 7, 2023	Common Stock	12,300	12,300	D
Stock Options (Right to Buy)^F11	$32.03	holding	—	—	—	—	Feb 9, 2022	Common Stock	47,433	47,433	D
Phantom Stock^F12,F13	—	holding	—	—	—	—	—	Common Stock	1,476	1,476	D

Explanation of responses

F1Lapsing of restrictions on Performance Stock Units.
F10The stock options became exercisable in three equal annual installments beginning February 7, 2014.
F11The stock options became exercisable in three equal annual installments beginning February 9, 2013.
F12The shares of phantom stock convert to Phillips 66 stock on a 1-for-1 basis.
F13The 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).
F2Restricted Stock Units settle for shares of Phillips 66 common stock on a 1-for-1 basis on the third anniversary of the grant provided performance criteria are met.
F3Includes shares acquired through on-going acquisitions under 401(k) plan and/or routine dividend transactions that are exempt under rule 16a-1.
F4Performance 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.
F5Performance Share Units do not have an expiration date.
F6The stock options become exercisable in three equal annual installments beginning February 7, 2018.
F7The stock options became exercisable in three equal annual installments beginning February 2, 2017.
F8The stock options became exercisable in three equal annual installments beginning February 3, 2016.
F9The stock options became exercisable in three equal annual installments beginning February 6, 2015.