Lee M. Tillman - Mar 8, 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: Mar 8, 2022
Transactions value $: -$3,116,328
Form type: 4
Date filed: 3/10/2022, 03:30 PM
Previous filing: Mar 4, 2022
Next filing: Mar 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRO	Common Stock	Options Exercise	$4.34M	+299K	+27.93%	$14.52	1.37M	Mar 8, 2022	Direct
transaction	MRO	Common Stock	Sale	-$7.46M	-299K	-21.83%	$24.95	1.07M	Mar 8, 2022	Direct	F1

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	$0	-299K	-100%	$0.00^*	0	Mar 8, 2022	Common Stock	299K	$14.52	Direct	F2

* 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 $24.500 to $25.210, 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	This stock option to acquire 298,914 shares of the common stock of Marathon Oil Corporation was granted on February 28, 2018 and vested in three installments of 99,638 options on each of February 28, 2019, February 28, 2020 and February 28, 2021.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.500 to $25.210, 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.

This stock option to acquire 298,914 shares of the common stock of Marathon Oil Corporation was granted on February 28, 2018 and vested in three installments of 99,638 options on each of February 28, 2019, February 28, 2020 and February 28, 2021.