HF Sinclair Form 4 HollyFrontier / Richard Lawrence Voliva III ownership change

SEC Form 4

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

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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^*

Voliva Richard Lawrence III

(Last) (First) (Middle)

2828 N. HARWOOD

SUITE 1300

(Street)

DALLAS TX 75201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HollyFrontier Corp [ HFC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	12/01/2020		A		29,245(1)	A	$0.00	158,386	D
Common Stock	12/01/2020		F		11,509(2)	D	$24.18	146,877	D
Common Stock	12/01/2020		F		6,381(3)	D	$24.18	140,496	D
Common Stock	12/01/2020		A		2,800(4)	A	$0.00	24,397(5)	I	By Spouse
Common Stock	12/01/2020		F		1,102(6)	D	$24.18	23,295(5)	I	By Spouse
Common Stock	12/01/2020		F		828(7)	D	$24.18	22,467(5)	I	By Spouse

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

Explanation of Responses:

1. These shares were deemed issued to the reporting person to settle performance share units that were not derivative securities under the Issuer's Long-Term Incentive Compensation Plan.

2. These shares were deemed surrendered to satisfy the reporting person's tax liability incident to the issuance of the 29,245 shares reported on the line above.

3. These shares were deemed surrendered to satisfy the reporting person's tax liability incident to the vesting of restricted share grants previously reported.

4. These shares were deemed issued to the reporting person's spouse to settle performance share units that were not derivative securities under the Issuer's Long-Term Incentive Compensation Plan.

5. The reporting person disclaims beneficial ownership of these securities, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

6. These shares were deemed surrendered to satisfy the tax liability of the reporting person's spouse incident to the issuance of the 2,800 shares reported on the line above.

7. These shares were deemed surrendered to satisfy the tax liability of the reporting person's spouse incident to the vesting of restricted share grants previously reported.

Remarks:

	Stacey Foland, Attorney-in-Fact	12/03/2020
	** 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.