| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
| |||||||||||||||
| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol Marathon Petroleum Corp [ MPC ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| ||||||||||||||||||||||||
| 3. Date of Earliest Transaction (Month/Day/Year) 05/23/2022 | ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
| |||||||||||||||||||||||||
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 05/23/2022 | M | 13,484 | A | $50.88 | 76,732 | D | |||
| Common Stock | 05/23/2022 | S | 13,484 | D | $97.015(1) | 63,248 | D | |||
| Common Stock | 05/23/2022 | M | 44,242 | A | $50.99 | 107,490 | D | |||
| Common Stock | 05/23/2022 | S | 44,242 | D | $96.831(2) | 63,248 | D | |||
| Common Stock | 05/23/2022 | M | 31,779 | A | $64.79 | 95,027 | D | |||
| Common Stock | 05/23/2022 | S | 31,779 | D | $96.723(3) | 63,248 | D | |||
| Common Stock | 05/23/2022 | M | 44,352 | A | $62.68 | 107,600 | D | |||
| Common Stock | 05/23/2022 | S | 44,352 | D | $96.821(4) | 63,248 | D | |||
| Common Stock | 27,054.142(5) | I | By 401(k) Plan | |||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Option (right to buy) | $50.88 | 05/23/2022 | M | 13,484 | 04/01/2016(6) | 04/01/2025 | Common Stock | 13,484 | $0.00 | 0 | D | ||||
| Employee Stock Option (right to buy) | $50.99 | 05/23/2022 | M | 44,242 | 03/01/2018(7) | 03/01/2027 | Common Stock | 44,242 | $0.00 | 0 | D | ||||
| Employee Stock Option (right to buy) | $64.79 | 05/23/2022 | M | 31,779 | 03/01/2019(8) | 03/01/2028 | Common Stock | 31,779 | $0.00 | 0 | D | ||||
| Employee Stock Option (right to buy) | $62.68 | 05/23/2022 | M | 44,352 | 03/01/2020(9) | 03/01/2029 | Common Stock | 44,352 | $0.00 | 0 | D | ||||
| Explanation of Responses: |
| 1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.00 to $97.06, inclusive. The reporting person undertakes to provide to Marathon Petroleum Corporation, any security holder of Marathon Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1, 2, 3 and 4 to this Form 4. |
| 2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.81 to $96.92, inclusive. The reporting person undertakes to provide to Marathon Petroleum Corporation, any security holder of Marathon Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1, 2, 3 and 4 to this Form 4. |
| 3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.71 to $96.81, inclusive. The reporting person undertakes to provide to Marathon Petroleum Corporation, any security holder of Marathon Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1, 2, 3 and 4 to this Form 4. |
| 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.78 to $96.91, inclusive. The reporting person undertakes to provide to Marathon Petroleum Corporation, any security holder of Marathon Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1, 2, 3 and 4 to this Form 4. |
| 5. Includes 204.195 shares acquired pursuant to dividend reinvestment and not previously reported pursuant to Rule 16a-11. Also reflects the deduction of an administrative fees in the amount of .061 shares. |
| 6. This option, in the amount of 13,484, is exercisable as follows: 4,494 shares on April 1, 2016, 4,495 shares on April 1, 2017 and 4,495 shares on April 1, 2018. |
| 7. This option, in the amount of 44,242, is exercisable as follows: 14,747 shares on March 1, 2018, 14,747 shares on March 1, 2019 and 14,748 shares on March 1, 2020. |
| 8. This option, in the amount of 31,779, is exercisable as follows: 10,593 shares on March 1, 2019, 10,593 shares on March 1, 2020 and 10,593 shares on December 28, 2020. |
| 9. This option, in the amount of 44,352, is exercisable as follows: 14,784 shares on March 1, 2020 and 29,568 shares on December 28, 2020. |
| Remarks: |
| Executive Vice President, Refining |
| /s/ Molly R. Benson, Attorney-in-Fact for Raymond L. Brooks | 05/25/2022 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||
