SEC Form 4 · accession 0001127602-17-005085
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 8, 2017
Accepted (ET)
Feb 10, 2017 · 8:25 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 StockF1 | Feb 8, 2017 | M | 5,637 | $0.00 | A | 5,637 | D | |
| Common StockF1 | Feb 8, 2017 | F | 2,821 | $65.75 | D | 2,816 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitF2,F3 | — | Feb 8, 2017 | A | 3,000 | A | — | — | Common Stock | 3,000 | 12,800 | D |
| Restricted Stock UnitF2 | — | Feb 8, 2017 | A | 1,500 | A | — | — | Common Stock | 1,500 | 14,161 | D |
| Stock OptionF4 | $65.75 | Feb 8, 2017 | A | 6,500 | A | — | Feb 8, 2024 | Common Stock | 6,500 | 6,500 | D |
| Performance Stock UnitF2,F1,F3 | — | Feb 8, 2017 | M | 5,637 | D | — | — | Common Stock | 5,637 | 9,200 | D |
Explanation of responses
- F1As a result of the determination of the amount of PSUs earned for the performance period ended December 31, 2016, this total includes the incremental number of PSUs (that is, 156.6% of the target amount, or 2,038 PSUs above the target number of 3,600 originally reported on the Form 4 when the PSU grant was made).
- F2Award granted under the 2013 Long-term Incentive Plan.
- F3These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
- F4The 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.