SEC Form 4 · accession 0001127602-16-060020
MURPHY OIL CORP · MUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Madison Murphy
Director
Period of report
Aug 8, 2016
Accepted (ET)
Aug 10, 2016 · 5:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000717423
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 8, 2016 | P | 22,594 | $21.9336 | A | 219,776 | I | Partnership |
| Common StockF1,F2 | Aug 9, 2016 | P | 1,553 | $21.9336 | A | 221,329 | I | Partnership |
| Common StockF3,F4,F5 | Aug 9, 2016 | P | 11,703 | $28.4153 | A | 219,563 | I | Partnership |
| Common StockF3,F4,F5,F6 | Aug 9, 2016 | P | 828 | $28.4153 | A | 2,097,797 | I | By Trusts |
| Common StockF3,F4 | Aug 9, 2016 | P | 125 | $28.4153 | A | 146,345 | I | Trustee For My Children |
| Common StockF5 | holding | — | — | — | 165,516 | I | By Spouse | |
| Common StockF7 | holding | — | — | — | 0 | I | Co-trustee Of Family Trusts |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person's beneficial ownership of shares held in the family partnership increased (i) by 22,594 shares as a result of the reporting person's cash purchase, pursuant to a right of first refusal, of a portion of another partner's interest in the partnership effective as of August 8, 2016 and (ii) by 1,553 shares as a result of a cash redemption of such other partner's former interest in the general partner of the partnership effective as of August 9, 2016.
- F2The purchase price was determined based on a valuation of the partnership's assets as of May 23, 2016, minus a 26% minority discount factor. The closing price of the issuer's common stock as reported on the New York Stock Exchange on May 23, 2016, was $29.64.
- F3On August 9, 2016, the family partnership acquired shares in a market purchase, increasing the reporting person's indirect beneficial ownership by an aggregate of 12,656 shares: 11,703 shares through the family partnership, 828 shares through the reporting person's trusts and 125 shares through trusts for the benefit of the reporting person's children for which the reporting person serves as trustee.
- F4The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $28.14 to $28.54, inclusive. The reporting person undertakes to provide to Murphy Oil Corporation, any security holder of Murphy Oil Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price reported in this Form 4.
- F5On August 9, 2016, the reporting person and his spouse funded with 864,250 shares and other assets, a newly created revocable trust. As a result, 783,438 shares previously reported as directly held, 67,343 shares previously reported as held indirectly through his spouse and 13,469 shares previously reported as held through the family partnership are now reported as held indirectly by the reporting person through the revocable trust.
- F6The remaining 1,232,719 shares were previously reported as held through trusts.
- F7Since the reporting person's last Form 4 filing, the reporting person resigned as a co-trustee of various family trusts for which the reporting person previously reported beneficial ownership of 1,495,644 shares. At no time did the reporting person have a pecuniary interest in such trusts or any shares held therein.