Filing Details

Accession Number:
0001209191-12-034162
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-06-15 19:08:31
Reporting Period:
2012-06-13
Filing Date:
2012-06-15
Accepted Time:
2012-06-15 19:08:31
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
1349214 A Jeff Stevens C/O Western Refining, Inc.
123 W. Mills Avenue, Suite 200
El Paso TX 79901
President & Ceo Yes 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 6,479 $0.00 4,882,147 No 4 M Direct
Common Stock Disposition 2012-06-15 2,643 $20.48 4,879,504 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 2012-06-13 6,479 $0.00 6,479 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
68,521 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 14,134 Indirect By WRC Refining Company
Footnotes
  1. 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.
  2. 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.
  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. $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.
  5. 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.
  6. 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. Settlement of 5,521 restricted share units that vested on May 15, 2012, was deferred until the next vesting date that WNR reasonably expects that such settlement would be fully tax deductible under Section 162(m) of the Internal Revenue Code.
  7. This number of derivative securities includes 29,521 restricted share units that remain outstanding pursuant to the 2011 RSU Award, as well as an additional 39,000 restricted share units received by the reporting person on February 17, 2012 (the "2012 RSU Award"). The 39,000 restricted share units received pursuant to the 2012 RSU Award vest in three equal installments on May 15 of 2013, 2014, and 2015.