SEC Form 4 · accession 0001127602-17-003443
MURPHY OIL CORP · MUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W Eckart
Officer — Executive Vice President & CFO
Period of report
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 10:07 am EST
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 | Jan 31, 2017 | M | 7,920 | $0.00 | A | 52,982 | D | |
| Common StockF3 | Jan 31, 2017 | F | 2,713 | $28.505 | D | 50,269 | D | |
| Common StockF4 | holding | — | — | — | 10,301 | I | Trustee, Company Thrift Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF5,F6 | $28.505 | Jan 31, 2017 | A | 33,000 | A | — | Jan 31, 2024 | Common Stock | 33,000 | 33,000 | D |
| Performance Stock UnitF5,F7 | — | Jan 31, 2017 | A | 31,000 | A | — | — | Common Stock | 31,000 | 50,000 | D |
| Restricted Stock UnitF5,F7,F8 | — | Jan 31, 2017 | A | 15,000 | A | — | — | Common Stock | 15,000 | 65,000 | D |
| Restricted Stock UnitF9,F1,F7 | — | Jan 31, 2017 | M | 9,000 | D | — | — | Common Stock | 9,000 | 56,000 | D |
| Phantom Stock UnitF12,F10,F11 | — | holding | — | — | — | — | — | Common Stock | 1,899 | 1,899 | D |
Explanation of responses
- F1Represents performance-based Restricted Stock Units (RSUs) that have vested and settled in shares of the Company's stock on a one-for-one basis. Pursuant to the terms of the performance-based grant awarded under the 2012 Long-Term Incentive Plan, the total includes 78.75% of the original award, plus shares equivalent in value to accumulated dividends.
- F10Each phantom stock unit is the economic equivalent of one (1) share of Murphy Oil Corporation common stock.
- F11The reported phantom stock units were acquired under Murphy Oil Corporation's excess benefit plan and are to be settled upon the reporting person's retirement or other termination of service. The reporting person may transfer the value of his phantom stock units into an alternative investment account at any time prior to settlement.
- F12Includes 20 shares obtained under the Murphy Oil Corporation's excess benefit plan. The information in this report is based on a plan statement dated December 31, 2016.
- F2Shares withheld for taxes on RSU vesting.
- F3Includes 209 shares obtained through the Company Employee Stock Purchase Plan. The information in this report is based on a plan statement dated December 31, 2016.
- F4Includes 21 shares obtained through the Company Thrift Plan. The information in this report is based on a plan statement dated December 31, 2016.
- F5Award granted under the 2012 Long-Term Incentive Plan.
- F6The option vests in two equal installments, the first half two years after the original grant date and the final half three years after the original grant date.
- F7These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
- F8Vest date is January 31, 2020.
- F9Performance-based restricted stock unit award granted under the 2012 Long-Term Incentive Plan.