SEC Form 4 · accession 0001127602-19-004717
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
Feb 6, 2019
Accepted (ET)
Feb 8, 2019 · 12:07 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 6, 2019 | M | 43,725 | $0.00 | A | 129,059 | D | |
| Common StockF1 | Feb 6, 2019 | F | 18,274 | $76.15 | D | 110,785 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitF2,F4,F3 | — | Feb 6, 2019 | M | 43,725 | D | — | — | Common Stock | 43,725 | 42,600 | D |
| Performance Stock UnitF2,F3 | — | Feb 6, 2019 | A | 23,800 | A | — | — | Common Stock | 23,800 | 66,400 | D |
| Restricted Stock UnitF2,F3 | — | Feb 6, 2019 | A | 11,900 | A | — | — | Common Stock | 11,900 | 46,450 | D |
| Stock OptionF2,F5 | $76.15 | Feb 6, 2019 | A | 44,600 | A | — | Feb 6, 2026 | Common Stock | 44,600 | 44,600 | D |
Explanation of responses
- F1As a result of the determination of the amount of PSUs earned for the performance period ended December 31, 2018, this total includes the incremental number of PSUs (that is, 165.0% of the target amount, or 17,225 PSUs above the target number of 26,500 originally reported on the Form 4 when the PSU grant was made).
- F2Time based restricted stock award granted under the 2013 Long-term Incentive Plan.
- F3These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
- F4Includes an adjustment of 11,980 additional units to correct error on 2/7/2018 Form 4. 31,380 PSUs achieved were subtracted from the total instead of 19,400 PSUs, which was the target number.
- F5The 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.