Murphy USA Inc. — Director's Dealing 2020

Feb 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Murphy USA Inc. (MUSA)
CIK: 0001573516
Period of Report: 2020-02-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-05	Common Stock	M	9988	—	Acquired	77244	Direct
2020-02-05	Common Stock	F	3221	$106.72	Disposed	74023	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-05	Performance Stock Unit	$	M	6700	Disposed		Common Stock (6700)	Direct
2020-02-05	Performance Stock Unit	$	A	4900	Acquired		Common Stock (4900)	Direct
2020-02-05	Restricted Stock Unit	$	A	2450	Acquired		Common Stock (2450)	Direct
2020-02-05	Stock Option	$106.72	A	9200	Acquired	2027-02-05	Common Stock (9200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	665	Indirect

Footnotes

F1: Represents performance-based restricted Stock units that have vested and settled in shares of the Company's stock. Pursuant to the terms of the performance-based grant
awarded under the 2013 Long-Term Incentive Plan, the total includes 149.07% of the original award.

F2: Shares withheld for taxes on PSU vesting.

F3: Award granted under the 2013 Long-term Incentive Plan.

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

F5: 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.