Filing Details

Accession Number:
0001209191-13-018893
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-03-28 18:28:50
Reporting Period:
2013-03-26
Filing Date:
2013-03-28
Accepted Time:
2013-03-28 18:28:50
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1339048 Western Refining Inc. WNR Petroleum Refining (2911) 203472415
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1373429 J Mark Smith C/O Western Refining, Inc.
123 W. Mills Avenue, Suite 200
El Paso TX 79901
President-Refining & Marketing No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2013-03-26 40,000 $34.70 185,251 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Share Unit Acquisiton 2013-03-26 28,243 $0.00 28,243 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
78,576 No 4 A Direct
Footnotes
  1. These trades were conducted pursuant to a 10b5-1 plan entered into on December 7, 2011 primarily for the purpose of paying income taxes associated with the vesting of restricted stock.
  2. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price.
  3. $34.6978 is the weighted average sale price. The shares were sold in various transactions through a broker at prices between $34.2200 per share and $35.0500 per share.
  4. Each restricted share unit represents a contingent right to receive one share of WNR common stock or, at the election of the Compensation Committee of WNR's Board of Directors, the cash value thereof.
  5. These restricted share units were awarded in settlement of the 2012 Performance Plan for Executive Officers as performance-based compensation under Section 162(m) of the Internal Revenue Code of 1986.
  6. These restricted share units vest in five equal installments on the fourth business day before the end of March 2014, 2015, 2016, 2017, and 2018. Shares of WNR common stock or, at the election of the Compensation Committee of WNR's Board of Directors, the value thereof, will be delivered to the reporting person on or promptly following the vesting date applicable thereto, but not later than December 31 of the year in which such vesting date occurs.
  7. This number of derivative securities includes (a) 19,333 restricted share units (RSUs) that remain outstanding pursuant to an award granted on February 28, 2011, and which vest in equal installments on May 15 of 2013 and 2014; and (b) 31,000 RSUs that remain outstanding pursuant to an award granted on February 17, 2012, and which vest in equal installments on May 15 of 2013, 2014, and 2015.