SEC Form 4 · accession 0001127602-16-060022
Murphy USA Inc. · MUSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Madison Murphy
Director
Period of report
Aug 8, 2016
Accepted (ET)
Aug 10, 2016 · 5:13 pm EDT
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 StockF1,F2 | Aug 8, 2016 | P | 5,649 | $48.6772 | A | 54,944 | I | Partnership |
| Common StockF1,F2,F3 | Aug 9, 2016 | P | 388 | $48.6772 | A | 51,965 | I | Partnership |
| Common StockF3,F4 | holding | — | — | — | 520,541 | I | By Trust | |
| Common StockF3 | holding | — | — | — | 41,379 | I | By Spouse | |
| Common StockF5 | holding | — | — | — | 0 | I | Co-trustee of Family Trusts | |
| Common Stock | holding | — | — | — | 36,555 | I | Trustee For My Children |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person's beneficial ownership of shares held in the family partnership increased (i) by 5,649 shares as a result of the reporting person's cash purchase, pursuant to a right of first refusal, of a portion of another partner's interest in the partnership effective as of August 8, 2016 and (ii) by 388 shares as a result of a cash redemption of such other partner's former interest in the general partner of the partnership effective as of August 9, 2016.
- F2The purchase price was determined based on a valuation of the partnership's assets as of May 23, 2016, minus a 26% minority discount factor. The closing price of the issuer's common stock as reported on the New York Stock Exchange on May 23, 2016, was $65.78.
- F3On August 9, 2016, the reporting person and his spouse funded with 212,362 shares and other assets, a newly created revocable trust. As a result, 192,160 shares previously reported as directly held, 16,835 shares previously reported as held indirectly through his spouse and 3,367 shares previously reported as held through the family partnership are now reported as held indirectly by the reporting person through the revocable trust.
- F4The remaining 308,179 shares were previously reported as held through trusts.
- F5Since the reporting person's last Form 4 filing, the reporting person resigned as a co-trustee of various family trusts for which the reporting person previously reported beneficial ownership of 372,256 shares. At no time did the reporting person have a pecuniary interest in such trusts or any shares held therein.