Filing Details

Accession Number:
0001209191-15-030307
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-03-30 21:19:11
Reporting Period:
2015-03-26
Filing Date:
2015-03-30
Accepted Time:
2015-03-30 21:19:11
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 Acquisiton 2015-03-26 8,254 $0.00 8,254 No 4 M Direct
Common Stock Disposition 2015-03-27 2,820 $47.94 5,434 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 2015-03-26 8,254 $0.00 8,254 $0.00
Common Stock Restricted Share Units Acquisiton 2015-03-26 21,956 $0.00 21,956 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
50,399 No 4 M Direct
72,355 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 33,999 Indirect By Mark J. Smith & Brenda J. Smith Living Trust dated 05/09/2014
Footnotes
  1. 5,649 shares were issued pursuant to an RSU award granted to the reporting person on March 26, 2013 (the "2013 RSU Award"), and 2,605 shares were issued pursuant to an RSU award granted to the reporting person on March 26, 2014 (the "2014 RSU Award"), both of which were 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. $47.9351 is the weighted average sale price. The shares were sold in various transactions through a broker at prices between $47.5800 per share and $48.3100 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. The RSUs were awarded as compensation for service as an officer.
  6. The 2013 RSU Award and 2014 RSU Award each vests ratably over five years on the fourth business day before the end of March in each of the five years following the date of grant. Shares of WNR common stock or, at the election of the Compensation Committee of WNR's Board of Directors, the cash 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) 2,369 RSUs that remain outstanding pursuant to an award granted to the reporting person on February 28, 2011 (the "2011 RSU Award"); (b) 20,666 RSUs that remain outstanding pursuant to an award granted to the reporting person on February 17, 2012 (the "2012 RSU Award"); (c) 16,945 RSUs that remain outstanding pursuant to the 2013 RSU Award; and (d) 10,419 RSUs that remain outstanding pursuant to the 2014 RSU Award.
  8. 16,467 RSUs were awarded in partial settlement of the 2014 Annual Performance Bonus Program for Executive Officers (the "2014 Annual Performance Award") and 5,489 RSUs were awarded pursuant to an RSU award (the "2015 RSU Award"). These RSUs were awarded to the reporting person as compensation for services as an officer.
  9. The 2014 Annual Performance Award and the 2015 RSU Award each vests ratably on the fourth business day before the end of March in 2016, 2017, 2018, 2019 and 2020. 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.
  10. This number of derivative securities includes (a) 2,369 RSUs that remain outstanding pursuant to the 2011 RSU Award; (b) 20,666 RSUs that remain outstanding pursuant to the 2012 RSU Award; (c) 16,945 RSUs that remain outstanding pursuant to the 2013 RSU Award; (d) 10,420 RSUs that remain outstanding pursuant to the 2014 RSU Award; (e) 16,467 RSUs that remain outstanding pursuant to the 2014 Annual Performance Award; and (f) 5,489 RSUs that remain outstanding pursuant to the 2015 RSU Award.