Andeavor (TSO) Form 3 TESORO / Blane W. Peery ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Peery Blane W.

(Last) (First) (Middle)

19100 RIDGEWOOD PARKWAY

(Street)

SAN ANTONIO TX 78259

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/16/2016

3. Issuer Name and Ticker or Trading Symbol
TESORO CORP /NEW/ [ TSO ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Vice President and Controller

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	130.2614(1)	I	(1)
Common Stock	4,578	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Market Stock Units	(2)	(2)	Common Stock	1,883	(4)	D
Market Stock Units	(3)	(3)	Common Stock	1,655	(4)	D

Explanation of Responses:

1. Held as 73.623 units in the Tesoro Stock Fund, which equated to 130.2614 shares of common stock as of the date hereof.

2. The market stock unit award was granted by the Compensation Committee of the Board of Directors on February 10, 2015 and will vest on February 10, 2018 and will be settled in stock between 50% and 200% of target payout levels.

3. The market stock unit award was granted by the Compensation Committee of the Board of Directors on January 28, 2016 and will vest on January 28, 2019 and will be settled in stock between 50% and 200% of target payout levels.

4. Each market stock unit award represents a right to receive one share of Tesoro common stock at target payout levels.

Remarks:

	Elisa D. Watts, Attorney in Fact for Blane W. Peery	11/28/2016
	** 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 5 (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).
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