SEC Form 4 · accession 0001127602-16-042252
Murphy USA Inc. · MUSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marn K Cheng
Officer — Senior Vice President
Period of report
Feb 17, 2016
Accepted (ET)
Feb 18, 2016 · 6:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001573516
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 17, 2016 | M | 2,950 | $39.46 | A | 6,395 | D | |
| Common StockF1 | Feb 17, 2016 | F | 2,302 | $59.28 | D | 4,093 | D | |
| Common Stock | Feb 17, 2016 | S | 2,297 | $61.00 | D | 1,796 | D | |
| Common Stock | Feb 17, 2016 | S | 1,148 | $60.28 | D | 648 | D | |
| Common Stock | Feb 17, 2016 | S | 648 | $62.14 | D | 0 | D | |
| Common Stock | holding | — | — | — | 664 | I | Trustee of Company Thrift Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2,F3 | $39.46 | Feb 17, 2016 | M | 2,950 | D | — | Feb 11, 2021 | Common Stock | 2,950 | 2,950 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. These shares were withheld by the Company for payment of the exercise price and applicable taxes, using the closing price on February 16, 2016 of $59.28.
- F2Award granted under the 2013 Long-term Incentive Plan.
- F3The option vests in two equal installments, the first half two years after the grant date and the final half three years after the grant date.