Western Refining, Inc. 4
4 · Western Refining, Inc. · Filed Nov 13, 2014
Insider Transaction Report
Form 4
Schmidt Ralph A
Director
Transactions
- Exercise/Conversion
Common Stock
2014-11-10+20,749→ 224,397 total - Exercise/Conversion
Restricted Share Units
2014-11-10−20,749→ 0 total→ Common Stock (20,749 underlying)
Holdings
- 100,000(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]On November 10, 2014, the reporting person retired from his position as a member of WNR's Board of Directors (the "Board"). Pursuant to deferral elections made by the reporting person, all shares underlying RSUs subject to such deferrals will be delivered to the reporting person promptly following November 10, 2014, the date on which the reporting person retired.
- [F2]Each RSU represents a contingent right to receive one share of WNR common stock or, at WNR's election, the cash value thereof. The RSUs were issued as compensation for service as a director.
- [F3]Due to deferral elections made by the reporting person, the vested shares underlying the RSUs will be delivered to the reporting person promptly following November 10, 2014, the date on which the reporting person retired.