SEC Form 4 · accession 0001671974-16-000029
ANDEAVOR · ANDV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daryl R Schofield
Officer — SVP, Commercial
Period of report
Aug 2, 2016
Accepted (ET)
Aug 4, 2016 · 2:34 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 2, 2016 | M | 5,977 | — | A | 9,202 | D | |
| Common Stock | Aug 2, 2016 | F | 2,508 | $73.98 | D | 6,694 | 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 | — | Aug 2, 2016 | M | 4,000 | D | — | — | Common Stock | 5,977 | 14,465 | D |
Explanation of responses
- F1Payment of common shares that vested and settled pursuant to Market Stock Unit ("MSU") Award originally granted by the Compensation Committee of the Company's Board of Directors on July 29, 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 149.41%.
- F2The Company's Long-Term Executive Incentive Compensation Plan permits grantees to pay their federal income tax liability with shares thereby reducing the common share issued upon settlment.
- F3The market stock unit award vested on July 29, 2016 but settled in stock upon certification by the Compensation Committee on August 2, 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 sock at target payout levels.
- F6Includes multiple grants of MSUs with different vesting dates and performance criteria.