SEC Form 4 · accession 0001127602-18-024987
Murphy USA Inc. · MUSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R Andrew Clyde
Officer — President & CEO · Director
Period of report
Aug 6, 2018
Accepted (ET)
Aug 8, 2018 · 4:33 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 Stock | Aug 6, 2018 | M | 118,499 | $0.00 | A | 203,833 | D | |
| Common Stock | Aug 6, 2018 | F | 84,818 | $85.43 | D | 133,476 | D | |
| Common Stock | Aug 6, 2018 | M | 50,000 | $0.00 | A | 253,833 | D | |
| Common Stock | Aug 6, 2018 | F | 35,539 | $85.43 | D | 218,294 | D | |
| Common Stock | Aug 6, 2018 | S | 48,142 | $85.00 | D | 85,334 | D | |
| Common Stock | holding | — | — | — | 1,500 | I | 401(k) 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 | $40.2545 | Aug 6, 2018 | M | 118,499 | D | — | Feb 5, 2020 | Common Stock | 118,499 | 0 | D |
| Stock OptionF2,F3 | $39.46 | Aug 6, 2018 | M | 50,000 | D | — | Feb 11, 2021 | Common Stock | 50,000 | 0 | 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 8/3/2018 of $85.43.
- 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.