SEC Form 4 · accession 0001671974-16-000010
ANDEAVOR · ANDV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith M Casey
Officer — EVP, Operations
Period of report
May 3, 2016
Accepted (ET)
May 5, 2016 · 3:55 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 | May 3, 2016 | M | 8,751 | — | A | 20,420 | D | |
| Common Stock | May 3, 2016 | F | 3,672 | $78.65 | D | 16,748 | 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 Unit AwardF4,F6,F5,F3,F1 | — | May 3, 2016 | M | 5,400 | D | — | — | Common Stock | 8,751 | 26,108 | D |
Explanation of responses
- F1Payment of common shares that vested and settled pursuant to Market Stock Unit Award originally granted by the Compensation Committee of the Board of Directors on April 15, 2013 pursuant to the Company's 2011 Long-Term Incentive Plan. The potential payout for the MSU Award at vesting ranged from 0% to 200% with payout certified by the Compensation Committee at 162.05%.
- F2The Company's Long-Term Executive Incentive Compensation Plan permits grantees to pay their federal income tax liability with shares thereby reducing the common shares issued upon settlement.
- F3The market stock unit award vested on April 15, 2016, but settled in stock upon certification by the Compensation Committee on May 3, 2016.
- F4Award granted by the Compensation Committee of the Board of Directors.
- F5Each market stock unit award represents a contingent right to receive one share of TSO common stock at target payout levels.
- F6Includes multiple grants of MSUs with different vesting dates and performance criteria.