SEC Form 4 · accession 0001694426-18-000141
Delek US Holdings, Inc. · DK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Avigal Soreq
Officer — EVP / CCO
Period of report
May 24, 2018
Accepted (ET)
May 29, 2018 · 6:53 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 | May 24, 2018 | M | 6,500 | $34.75 | A | 29,204 | D | |
| Common StockF2 | May 24, 2018 | M | 400 | $16.21 | A | 29,604 | D | |
| Common StockF3 | May 24, 2018 | D | 4,238 | $53.31 | D | 25,366 | D | |
| Common StockF3 | May 24, 2018 | D | 122 | $53.36 | D | 25,244 | D | |
| Common StockF4 | May 24, 2018 | F | 552 | $53.31 | D | 24,692 | D | |
| Common StockF4 | May 24, 2018 | F | 68 | $53.36 | D | 24,624 | D | |
| Common StockF5 | May 24, 2018 | S | 1,920 | $53.36 | D | 22,704 | 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 | $34.75 | May 24, 2018 | M | 6,500 | D | Jun 10, 2017 | Jun 10, 2023 | Common Stock | 6,500 | 0 | D |
| Stock Appreciation RightF2 | $16.21 | May 24, 2018 | M | 400 | D | Jun 10, 2016 | Jun 10, 2022 | Common Stock | 400 | 0 | D |
Explanation of responses
- F1Reflects stock appreciation rights granted to the Reporting Person on June 10, 2013, which vested with respect to 1,625 shares on June 10 of each of 2014, 2015, 2016 and 2017, and which were exercised by the Reporting Person on May 24, 2018.
- F2Reflects stock appreciation rights granted to the Reporting Person on June 10, 2012, the final 400 of which vested on June 10, 2016 and were exercised by the Reporting Person on May 24, 2018.
- F3Disposition of shares of common stock to the Issuer for payment of the exercise price in connection with the exercise of the stock appreciation rights.
- F4Shares withheld to cover the tax withholding obligation in connection with the exercise of the stock appreciation rights.
- F5The price reflects the weighted average sale price of multiple transactions ranging from a low sale price of $53.34 per share to a high sale price of $53.36 per share. Upon the written request of the SEC, the Issuer or a security holder of the Issuer, the Reporting Person agrees to provide the number of shares sold at each sale price.