Murphy USA Inc. — Director's Dealing 2020

Sep 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Murphy USA Inc. (MUSA)
CIK: 0001573516
Period of Report: 2020-09-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-15	Common Stock	M	13200	$59.11	Acquired	89033	Direct
2020-09-15	Common Stock	M	14300	$65.75	Acquired	103333	Direct
2020-09-15	Common Stock	M	9700	$70.57	Acquired	113033	Direct
2020-09-15	Common Stock	F	26406	$139.61	Disposed	86627	Direct
2020-09-15	Common Stock	S	10794	$138.77	Disposed	75833	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-15	Stock Option	$59.11	M	13200	Disposed	2023-02-10	Common Stock (13200)	Direct
2020-09-15	Stock Option	$65.75	M	14300	Disposed	2024-02-08	Common Stock (14300)	Direct
2020-09-15	Stock Option	$70.57	M	9700	Disposed	2022-02-10	Common Stock (9700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	712	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 September 14, 2020 of $139.61.

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.