Lee M. Tillman - 18 Feb 2022 Form 4 Insider Report for MARATHON OIL CORP

Role: Chairman, President and CEO, Director
Signature: John D. Montanti, Attorney-in-Fact for Lee M. Tillman
Issuer symbol: N/A
Transactions as of: 18 Feb 2022
Net transactions value: -$10,684,686
Form type: 4
Filing time: 23 Feb 2022, 15:21:10 UTC
Previous filing: 28 Jan 2022
Next filing: 28 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRO	Common Stock	Sale	$3,631,507	-164,971	-12%	$22.01	1,192,695	18 Feb 2022	Direct	F1
transaction	MRO	Common Stock	Options Exercise	$1,672,289	+159,722	+13%	$10.47	1,352,417	18 Feb 2022	Direct
transaction	MRO	Common Stock	Sale	$3,506,665	-159,722	-12%	$21.95	1,192,695	18 Feb 2022	Direct	F2
transaction	MRO	Common Stock	Options Exercise	$1,672,289	+159,722	+13%	$10.47	1,352,417	22 Feb 2022	Direct
transaction	MRO	Common Stock	Sale	$3,546,515	-159,722	-12%	$22.20	1,192,695	22 Feb 2022	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MRO	Employee Stock Option (Right to Buy)	Options Exercise	$1,672,289	-159,722	-33%	$10.47	319,444	18 Feb 2022	Common Stock	159,722	$10.47	Direct	F4
transaction	MRO	Employee Stock Option (Right to Buy)	Options Exercise	$1,672,289	-159,722	-50%	$10.47	159,722	22 Feb 2022	Common Stock	159,722	$10.47	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.770 to $22.285, inclusive. The reporting person undertakes to provide to Marathon Oil Corporation, any security holder of Marathon Oil Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.720 to $22.085, inclusive. The reporting person undertakes to provide to Marathon Oil Corporation, any security holder of Marathon Oil Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.940 to $22.450, inclusive. The reporting person undertakes to provide to Marathon Oil Corporation, any security holder of Marathon Oil Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F4	This stock option to acquire 479,166 shares of the common stock of Marathon Oil Corporation was granted on February 19, 2020 and vests in three equal installments of 159,722 options on each of February 19, 2021, February 19, 2022 and February 19, 2023.