Filing Details

Accession Number:
0001209191-14-035338
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-05-19 20:03:27
Reporting Period:
2014-05-15
Filing Date:
2014-05-19
Accepted Time:
2014-05-19 20:03:27
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
1407054 R William Jewell C/O Western Refining, Inc.
123 W. Mills Avenue, Suite 200
El Paso TX 79901
Chief Accounting Officer 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 Acquisiton 2014-05-15 8,333 $0.00 98,310 No 4 M Direct
Common Stock Disposition 2014-05-16 2,278 $39.64 96,032 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Share Units Disposition 2014-05-15 8,333 $0.00 8,333 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
20,621 No 4 M Direct
Footnotes
  1. 4,000 shares were issued pursuant to a restricted share unit ("RSU") award granted to the reporting person on February 28, 2011, (the "2011 RSU Award"), and 4,333 shares were issued pursuant to a RSU award granted to the reporting person on February 17, 2012, (the "2012 RSU Award"), settled at the election of the Compensation Committee of WNR's Board of Directors in WNR common stock.
  2. This sale was made pursuant to an election dated May 14, 2014, for the payment of income taxes required to be paid to the Internal Revenue Service as a result of the vesting of equity awards.
  3. 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.
  4. $39.6430 is the weighted average sale price. The shares were sold in various transactions through a broker at prices between $39.5700 per share and $39.7500 per share.
  5. Each RSU 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.
  6. The 2011 RSU Award and the 2012 RSU Award vest ratably over three years on May 15 of each of the three years following the date of grant. Upon vesting, the shares or the cash value thereof, will be delivered to the reporting person on or promptly following the vesting date, but not later than December 31 of the year in which such vesting date occurs.
  7. This number of derivative securities includes: (a) 4,333 RSUs that remain outstanding pursuant to 2012 RSU Award; (b) 10,332 RSUs that remain outstanding pursuant to an RSU award granted to the reporting person on March 26, 2013; and (c) 5,956 RSUs that remain outstanding pursuant to an RSU award granted to the reporting person on March 26, 2014.