SEC Form 4 · accession 0000050104-17-000203
ANDEAVOR · ANDV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Sterin
Officer — EVP and CFO
Period of report
Aug 22, 2017
Accepted (ET)
Aug 24, 2017 · 4:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000050104
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 22, 2017 | A | 24,836 | — | A | 34,878 | D | |
| Common Stock | Aug 22, 2017 | F | 10,419 | $93.43 | D | 24,459 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Stock UnitsF1,F2 | — | Aug 22, 2017 | M | 14,484 | D | — | — | Common Stock | 14,484 | 22,236 | D |
Explanation of responses
- F1Vesting and settlement of market stock unit award previously granted under the Amended and Restated Andeavor 2011 Long-Term Incentive Plan. The market stock units vested on the third anniversary of the grant date, were adjusted based upon a Andeavor stock price performance multiple, and were settled in shares of common stock upon certification by the Compensation Committee.
- F2Market stock unit award granted under the Amended and Restated Tesoro Corporation 2011 Long-Term Incentive Plan. The market stock units will vest on the third anniversary of the grant date and will be settled in shares of common stock. The number of shares received will be adjusted upon vesting to between 50% and 200% of the awarded amount based upon a TSO stock price performance multiple.