Murphy USA Inc. — Director's Dealing 2017

Mar 2, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Murphy USA Inc. (MUSA)
CIK: 0001573516
Period of Report: 2017-02-28

Reporting Person: Cheng Marn K (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-28	Common Stock	M	2950	$39.46	Acquired	6686	Direct
2017-02-28	Common Stock	F	2139	$67.84	Disposed	4547	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-28	Stock Option	$39.46	M	2950	Disposed	2021-02-11	Common Stock (2950)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	664	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 27, 2017 of $67.84.

F2: Time-based restricted stock unit 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.