SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
Jackson Tracy Dawn

(Last) (First) (Middle)
19100 RIDGEWOOD PARKWAY

(Street)
SAN ANTONIO TX 78259

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/02/2015
3. Issuer Name and Ticker or Trading Symbol
TESORO CORP /NEW/ [ TSO ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP and Controller
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 8,031(1) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Market Stock Unit Award 02/04/2016 (2) Common Stock 1,400(3) (4) D
Market Stock Unit Award 02/04/2017 (2) Common Stock 1,158(3) (4) D
Market Stock Unit Award 02/10/2018 (2) Common Stock 1,444(3) (4) D
Explanation of Responses:
1. Balance includes 1,581 shares in the Company's thrift account and direct ownership of 6,450 shares.
2. The market stock unit award will vest on the date exercisable and will be automatically settled in stock between 50% and 200% of target payout levels.
3. Based on contingent right to receive one share of TSO common stock for each market stock unit award at target payout levels as described in footnotes (2) and (4), actual payouts may differ from target amounts.
4. Market stock unit award originally granted by the Compensation Committee of the Company's Board of Directors pursuant to the Company's 2011 Long-Term Incentive Plan. The potential payout for the MSU Award at vesting will range from 50% to 200% with payout certified by the Compensation Committee.
Remarks:
Jean M Mosel ,Attorney-in-Fact for Tracy Dawn Jackson 03/05/2015
** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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