Lee M. Tillman - 22 Mar 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: 22 Mar 2022
Net transactions value: -$2,250,562
Form type: 4
Filing time: 24 Mar 2022, 16:31:24 UTC
Previous filing: 10 Mar 2022
Next filing: 29 Mar 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	Options Exercise	$3,821,374	+242,473	+23%	$15.76	1,312,561	22 Mar 2022	Direct
transaction	MRO	Common Stock	Sale	$6,071,936	-242,473	-18%	$25.04	1,070,088	22 Mar 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	-242,473	-100%	$0.000000^*	0	22 Mar 2022	Common Stock	242,473	$15.76	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 $25.000 to $25.080, 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 242,473 shares of the common stock of Marathon Oil Corporation was granted on February 22, 2017 and vested in three annual installments as follows: 80,824 options vested on February 22, 2018, 80,824 options vested on February 22, 2019 and 80,825 options vested on February 22, 2020.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.000 to $25.080, 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 242,473 shares of the common stock of Marathon Oil Corporation was granted on February 22, 2017 and vested in three annual installments as follows: 80,824 options vested on February 22, 2018, 80,824 options vested on February 22, 2019 and 80,825 options vested on February 22, 2020.