Filing Details
- Accession Number:
- 0001209191-12-034159
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2012-06-15 18:51:36
- Reporting Period:
- 2012-06-13
- Filing Date:
- 2012-06-15
- Accepted Time:
- 2012-06-15 18:51:36
- 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 | 2012-06-13 | 4,000 | $0.00 | 176,315 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2012-06-15 | 1,394 | $20.48 | 174,921 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2012-06-15 | 10,000 | $21.00 | 164,921 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | 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 | 2012-06-13 | 4,000 | $0.00 | 4,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 21,000 | No | 4 | M | Direct |
Footnotes
- These shares were issued pursuant to a restricted share unit award granted to the reporting person on February 28, 2011 (the "2011 RSU Award") settled, at the election of the Compensation Committee of WNR's Board of Directors, in WNR common stock.
- Proceeds from this sale were used primarily for the payment of income taxes incurred by the reporting person in connection with the settlement of the 2011 RSU Award in WNR common stock.
- 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.
- $20.4789 is the weighted average sale price. The shares were sold in various transactions through a broker at prices between $20.43 per share and $20.53 per share.
- These trades were conducted pursuant to a 10b5-1 plan.
- 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 2011 RSU Award is subject to vesting in three equal installments on May 15 of 2012, 2013 and 2014. Upon vesting, the shares or the 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.
- This number of derivative securities includes 8,000 restricted share units that remain outstanding pursuant to the 2011 RSU Award, as well as an additional 13,000 restricted share units received by the reporting person on February 17, 2012 (the "2012 RSU Award"). The 13,000 restricted share units received pursuant to the 2012 RSU Award vest in three equal installments on May 15 of 2013, 2014, and 2015.
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