Murphy USA Inc. — Director's Dealing 2015

Feb 13, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Murphy USA Inc. (MUSA)
CIK: 0001573516
Period of Report: 2015-02-12

Reporting Person: West Malynda K (EVP, CFO & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-12	Common Stock	M	61493	—	Acquired	74341	Direct
2015-02-12	Common Stock	M	24158	—	Acquired	98499	Direct
2015-02-12	Common Stock	M	32503	—	Acquired	131002	Direct
2015-02-12	Common Stock	F	84333	$71.51	Disposed	46669	Direct
2015-02-12	Common Stock	S	33821	$71.3108	Disposed	12848	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-12	Stock Option	$32.5308	M	61493	Disposed	2019-01-31	Common Stock (61493)	Direct
2015-02-12	Stock Option	$37.0728	M	24158	Disposed	2018-02-01	Common Stock (24158)	Direct
2015-02-12	Stock Option	$34.1587	M	32503	Disposed	2020-02-05	Common Stock (32503)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	270	Indirect

Footnotes

F1: Represents a "net exercise" of outstanding stock options. These shares were withheld by the Company for payment of the exercise price and applicable taxes, using the closing price on February 11, 2015 of $71.5100.

F2: Award granted under the 2013 Long-term Incentive Plan.

F3: The option vests in two equal installments, the first half two years after the grant date and the final half three years after the grant date.