0001209191-15-044697.txt : 20150519
0001209191-15-044697.hdr.sgml : 20150519
20150519203953
ACCESSION NUMBER: 0001209191-15-044697
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150515
FILED AS OF DATE: 20150519
DATE AS OF CHANGE: 20150519
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Western Refining, Inc.
CENTRAL INDEX KEY: 0001339048
STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911]
IRS NUMBER: 203472415
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6500 TROWBRIDGE DRIVE
CITY: EL PASO
STATE: TX
ZIP: 79905
BUSINESS PHONE: (915) 775-3488
MAIL ADDRESS:
STREET 1: 6500 TROWBRIDGE DRIVE
CITY: EL PASO
STATE: TX
ZIP: 79905
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Jewell William R
CENTRAL INDEX KEY: 0001407054
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32721
FILM NUMBER: 15878057
MAIL ADDRESS:
STREET 1: 6500 TROWBRIDGE DRIVE
CITY: EL PASO
STATE: TX
ZIP: 79905
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2015-05-15
0
0001339048
Western Refining, Inc.
WNR
0001407054
Jewell William R
C/O WESTERN REFINING, INC.
123 W. MILLS AVENUE, SUITE 200
EL PASO
TX
79901
0
1
0
0
Chief Accounting Officer
Common Stock
2015-05-15
4
M
0
4333
0.00
A
92818
D
Common Stock
2015-05-18
4
S
0
1517
45.3801
D
91301
D
Restricted Share Unit
2015-05-15
4
M
0
4333
0.00
D
Common Stock
4333
22554
D
4,333 shares were issued pursuant to a restricted share unit ("RSU") award granted to the reporting person on February 17, 2012 (the "2012 RSU Award"), settled at the election of the Compensation Committee of WNR's Board of Directors in WNR common stock.
These trades were conducted pursuant to a 10b5-1 plan entered into on May 23, 2014, primarily for the payment of income taxes required to be paid to the Internal Revenue Service associated with the vesting of equity awards.
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.
$45.3801 is the weighted average sale price. The shares were sold in various transactions through a broker at prices between $45.1900 per share and $45.4800 per share.
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 services as an officer.
The 2012 RSU Award vests ratably over three years on May 15 of each of the three 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.
This number of derivative securities includes (a) 7,749 RSUs that remain outstanding pursuant to an award granted on March 26, 2013; (b) 4,764 RSUs that remain outstanding pursuant to an award granted on March 26, 2014; (c) 7,531 RSUs that remain outstanding pursuant to the March 26, 2015, RSU award in partial settlement of the 2014 Annual Performance Bonus Program for Executive Officers; and (d) 2,510 RSUs that remain outstanding pursuant to the RSU Award granted on March 26, 2015.
/s/ William R. Jewell
2015-05-19