SEC Form 4 · accession 0001694426-18-000076
Delek US Holdings, Inc. · DK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jared Serff
Officer — Executive Vice President
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 8:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001694426
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 9, 2018 | M | 16,250 | $30.98 | A | 28,656 | D | |
| Common StockF2 | Mar 9, 2018 | D | 13,472 | $37.37 | D | 15,184 | D | |
| Common StockF3 | Mar 9, 2018 | F | 788 | $37.37 | D | 14,396 | D | |
| Common StockF4 | Mar 9, 2018 | S | 1,990 | $37.37 | D | 12,406 | D | |
| Common Stock | Mar 10, 2018 | A | 3,757 | $0.00 | A | 16,163 | D | |
| Common Stock | Mar 10, 2018 | F | 98 | $37.26 | D | 16,065 | D | |
| Common Stock | Mar 10, 2018 | F | 74 | $37.26 | D | 15,991 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF1 | $30.98 | Mar 9, 2018 | M | 16,250 | D | — | Sep 10, 2025 | Common Stock | 16,250 | 16,250 | D |
Explanation of responses
- F1The stock appreciation right with respect to a total of 32,500 shares was granted September 10, 2015, and vested with respect to 25% of such shares on each of September 10, 2016 and 2017 and was exercised to the extent then vested by the reporting person on March 9, 2018.
- F2Disposition of shares of common stock to Delek US Holdings, Inc. for payment of the exercise price in connection with the exercise of the stock appreciation right.
- F3Shares withheld to cover the tax withholding obligation in connection with the exercise of the stock appreciation right.
- F4The reported 1,990 shares of common stock sold on March 9, 2018 were acquired upon exercise of a stock appreciation right on the same day.