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Filing Details

Accession Number:: 0001209191-12-043045
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-08-23 20:16:32
Reporting Period:: 2012-08-21

Filing Date:: 2012-08-23
Accepted Time:: 2012-08-23 20:16:32
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
1390788	D William Sanders	C/O Western Refining, Inc. 123 W. Mills Avenue, Suite 200 El Paso TX 79901		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2012-08-21	5,806	$27.58	37,859	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Share Units	Disposition	2012-08-21	8,172	$27.58	8,172	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
9,909			No	4	J	Direct

Footnotes

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. The restricted share units were issued as compensation for services as a director.
The reporting person made an election under the Western Refining, Inc. Non-Employee Director Deferred Compensation Plan (the "Plan") to notionally reinvest the reporting person's notional interest in the Deferred Shares (as defined below) in another investment option under the Plan.
6439 restricted share units vested on June 7, 2012, and 1733 restricted share units vested on June 27, 2012, all of which were to be settled, at the election of the Compensation Committee of WNR's Board of Directors, in WNR common stock. Due to a deferral election made by the reporting person under the Plan the vested shares underlying the restricted share units that would have been received upon settlement (the "Deferred Shares") will be delivered to the reporting person on or promptly following the date on which the reporting person ceases to be a director of WNR, or on an earlier date as may be provided under the terms of the Plan.
This number of derivative securities includes 2048 restricted share units received by the reporting person on September 27, 2011, which vest on September 25, 2012; 1361 restricted share units received by the reporting person on December 27, 2011, which vest on December 26, 2012; 1426 restricted share units received by the reporting person on March 27, 2012, which vest on March 26, 2013; and 5074 restricted share units received by the reporting person on June 8, 2012, which vest on June 8, 2013; in each case, the settlement of which is subject to a deferral election of the reporting person.