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*
Braddock Michael G.

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President and Controller
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 07/01/2011 A 4,740 A $0.00 4,830(1) D
Common Stock 990.142(2) 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(3) 413 06/30/2011 05/26/2014 Common Stock 413 (3)(4) 413 D
Stock Option (right to buy) $21.9 06/30/2011 A(3) 539 06/30/2011 06/10/2015 Common Stock 539 (3)(4) 539 D
Stock Option (right to buy) $32.06 06/30/2011 A(3) 1,332 06/30/2011 06/01/2016 Common Stock 1,332 (3)(4) 1,332 D
Stock Option (right to buy) $51.75 06/30/2011 A(3) 1,618 06/30/2011 05/30/2017 Common Stock 1,618 (3)(4) 1,618 D
Stock Option (right to buy) $43.38 06/30/2011 A(3) 1,288 06/30/2011 05/28/2018 Common Stock 1,288 (3)(4) 1,288 D
Stock Option (right to buy) $24.79 06/30/2011 A(3) 9,131 06/30/2011(5) 05/27/2019 Common Stock 9,131 (3)(4) 9,131 D
Stock Option (right to buy) $25.74 06/30/2011 A(3) 11,660 06/30/2011(6) 05/26/2020 Common Stock 11,660 (3)(4) 11,660 D
Stock Option (right to buy) $44.72 06/30/2011 A(3) 20,120 05/25/2012(7) 05/25/2021 Common Stock 20,120 (3)(4) 20,120 D
Explanation of Responses:
1. Includes 90 shares acquired in a pro-rata distribution of Issuer shares from Marathon Oil Corporation in connection with the spin-off of Issuer from Marathon Oil Corporation on June 30, 2011 (the "Spin-Off").
2. These shares were acquired in a pro-rata distribution of Issuer shares from Marathon Oil Corporation in connection with the Spin-Off.
3. Adjusted distribution resulting from the Spin-Off.
4. 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.
5. 5,054 shares vest on May 27, 2012.
6. 9,703 shares vest in annual installments of 4,851 on May 26, 2012 and 4,852 shares vest on May 26, 2013, respectively.
7. Vests in annual installments of 6,706 shares on May 25, 2012, 6,707 shares on May 25, 2013 and 6,707 shares on May 25, 2014, respectively.
Remarks:
/s/ Molly R. Benson, Attorney-in-Fact for Michael G. Braddock 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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