SEC Form 4 · accession 0001127602-17-003446
MURPHY OIL CORP · MUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger W. Jenkins
Officer — President & CEO
Period of report
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 10:40 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 | 63,365 | $0.00 | A | 173,775 | D | |
| Common Stock | Jan 31, 2017 | F | 30,954 | $0.00 | D | 142,821 | D | |
| Common StockF3 | holding | — | — | — | 1,226 | I | Trustee Of 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 OptionF4,F5 | $28.505 | Jan 31, 2017 | A | 161,000 | A | — | Jan 31, 2024 | Common Stock | 161,000 | 161,000 | D |
| Performance Stock UnitF4,F6 | — | Jan 31, 2017 | A | 151,000 | A | — | — | Common Stock | 151,000 | 252,000 | D |
| Restricted Stock UnitF4,F6,F7 | — | Jan 31, 2017 | A | 75,000 | A | — | — | Common Stock | 75,000 | 386,000 | D |
| Restricted Stock UnitF8,F1,F6 | — | Jan 31, 2017 | M | 72,000 | D | — | — | Common Stock | 72,000 | 314,000 | D |
| Phantom Stock UnitF11,F9,F10 | — | holding | — | — | — | — | — | Common Stock | 2,703 | 2,703 | 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.
- F10The 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.
- F11Includes 946 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 199 shares obtained through the Company Thrift Plan. The information in this report is based on a plan statement dated December 31, 2016.
- F4Award granted under the 2012 Long-Term Incentive Plan.
- F5The 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.
- F6These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date.
- F7Vest date if January 31, 2020.
- F8Performance-based restricted stock unit award granted under the 2012 Long-Term Incentive Plan.
- F9Each phantom stock unit is the economic equivalent of one (1) share of Murphy Oil Corporation common stock.