SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Heminger Gary R

(Last) (First) (Middle)
C/O MARATHON PETROLEUM CORPORATION
539 S. MAIN STREET

(Street)
FINDLAY OH 45840

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Marathon Petroleum Corp [ MPC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2011
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/30/2011 A(1) 70,193 A (1)(2) 70,193 D
Common Stock 07/01/2011 A 76,896 A $0.00 209,500(3) D
Common Stock 4,315.543(4) I By 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Appreciation Right $14.25 06/30/2011 A(1) 37,228 06/30/2011 05/26/2014 Common Stock 37,228 (1)(2) 37,228 D
Stock Option (right to buy) $20.2 06/30/2011 A(1) 36,659 06/30/2011 05/25/2015 Common Stock 36,659 (1)(2) 36,659 D
Stock Option (right to buy) $32.06 06/30/2011 A(1) 35,979 06/30/2011 06/01/2016 Common Stock 35,979 (1)(2) 35,979 D
Stock Option (right to buy) $51.75 06/30/2011 A(1) 35,512 06/30/2011 05/30/2017 Common Stock 35,512 (1)(2) 35,512 D
Stock Option (right to buy) $46.08 06/30/2011 A(1) 27,589 06/30/2011 02/27/2018 Common Stock 27,589 (1)(2) 27,589 D
Stock Option (right to buy) $20.19 06/30/2011 A(1) 93,571 06/30/2011(5) 02/25/2019 Common Stock 93,571 (1)(2) 93,571 D
Stock Option (right to buy) $24.73 06/30/2011 A(1) 123,170 06/30/2011(6) 02/24/2020 Common Stock 123,170 (1)(2) 123,170 D
Stock Option (right to buy) $41.69 06/30/2011 A(1) 118,372 02/23/2012(7) 02/23/2021 Common Stock 118,372 (1)(2) 118,372 D
Explanation of Responses:
1. Adjusted distribution resulting from the spin-off of Issuer from Marathon Oil Corporation on June 30, 2011 (the "Spin-Off").
2. Amounts reported in this row are estimated as of July 5, 2011 based on preliminary information regarding the Spin-Off; final amounts, if different, will be reported in a subsequent filing.
3. Includes 62,411 shares acquired in a pro-rata distribution of Issuer shares from Marathon Oil Corporation in connection with the Spin-Off.
4. These shares were acquired in a pro-rata distribution of Issuer shares from Marathon Oil Corporation in connection with the Spin-Off.
5. 51,784 shares vest on February 25, 2012.
6. 102,491 shares vest in annual installments of 51,245 shares on February 24, 2012 and 51,246 shares on February 24, 2013, respectively.
7. Vests in annual installments of 39,457 shares on February 23, 2012, 39,457 shares on February 23, 2013 and 39,458 shares on February 23, 2014, respectively.
Remarks:
/s/ Molly R. Benson, Attorney-in-Fact for Gary R. Heminger 07/05/2011
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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