MURPHY OIL CORP — Director's Dealing 2012

Feb 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MURPHY OIL CORP /DE (MUR)
CIK: 0000717423
Period of Report: 2012-01-31

Reporting Person: Wood David M. (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-31	Common Stock	M	45707	—	Acquired	109062	Direct
2012-01-31	Common Stock	F	19860	$59.655	Disposed	89202	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-31	Stock Option	$59.655	A	150000	Acquired	2019-01-31	Common Stock (150000)	Direct
2012-01-31	Restricted Stock Unit	$0	A	65000	Acquired		Common Stock (65000)	Direct
2012-01-31	Restricted Stock Unit	$0	M	55000	Disposed		Common Stock (55000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1307	Indirect

Footnotes

F1: Represents Restricted Stock Units (RSUs) that have vested and settled in shares of the Company's stock on a one-for-one basis. Pursuant to the terms of the performance-based grant awarded under the 2007 Long-Term Incentive Plan, the total includes 78.625% of the original award, plus shares equivalent in value to accumulated dividends less shares used to satisfy tax withholding obligations.

F2: Shares withheld for taxes on RSU vesting.

F3: Award granted under the 2007 Long-Term Incentive Plan.

F4: These Securities generally do not carry a Conversion Price, Exercisable Date, or Expiration Date