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

Role
Chairman, President and CEO, Director
Signature
John D. Montanti, Attorney-in-Fact for Lee M. Tillman
Stock symbol
MRO
Transactions as of
Feb 18, 2022
Transactions value $
-$10,684,686
Form type
4
Date filed
2/23/2022, 03:21 PM
Previous filing
Jan 28, 2022
Next filing
Feb 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRO Common Stock Sale -$3.63M -165K -12.15% $22.01 1.19M Feb 18, 2022 Direct F1
transaction MRO Common Stock Options Exercise $1.67M +160K +13.39% $10.47 1.35M Feb 18, 2022 Direct
transaction MRO Common Stock Sale -$3.51M -160K -11.81% $21.95 1.19M Feb 18, 2022 Direct F2
transaction MRO Common Stock Options Exercise $1.67M +160K +13.39% $10.47 1.35M Feb 22, 2022 Direct
transaction MRO Common Stock Sale -$3.55M -160K -11.81% $22.20 1.19M Feb 22, 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 -$1.67M -160K -33.33% $10.47 319K Feb 18, 2022 Common Stock 160K $10.47 Direct F4
transaction MRO Employee Stock Option (Right to Buy) Options Exercise -$1.67M -160K -50% $10.47 160K Feb 22, 2022 Common Stock 160K $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.