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*
Marathon Petroleum Corp

(Last) (First) (Middle)
539 S. MAIN STREET

(Street)
FINDLAY OH 45840

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MPLX LP [ MPLX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/30/2019
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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 Units (Limited Partner Interests) 07/30/2019 A 161,295,606 A (1)(2)(3)(4)(5) 665,997,540 I See Footnotes(1)(3)(4)
TexNew Mex Units 07/30/2019 A 80,000 A (1)(2)(6) 80,000 I See Footnotes(1)(4)(6)
Special Limited Partner Interest 07/30/2019 A 1 A (1)(2)(7) 1 I See Footnotes(1)(4)(7)
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
1. Name and Address of Reporting Person*
Marathon Petroleum Corp

(Last) (First) (Middle)
539 S. MAIN STREET

(Street)
FINDLAY OH 45840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
MPC Investment LLC

(Last) (First) (Middle)
539 S. MAIN STREET

(Street)
FINDLAY OH 45840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
MPLX GP LLC

(Last) (First) (Middle)
200 E. HARDIN STREET

(Street)
FINDLAY OH 45840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
MPLX Logistics Holdings LLC

(Last) (First) (Middle)
200 E. HARDIN STREET

(Street)
FINDLAY OH 45840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
Less than 10% owner
1. Name and Address of Reporting Person*
Western Refining Southwest, Inc.

(Last) (First) (Middle)
539 S. MAIN ST.

(Street)
FINDLAY OH 45840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Tesoro Logistics GP, LLC

(Last) (First) (Middle)
539 S. MAIN ST.

(Street)
FINDLAY OH 45840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
Less than 10% owner
1. Name and Address of Reporting Person*
ANDEAVOR LLC

(Last) (First) (Middle)
539 S. MAIN STREET

(Street)
FINDLAY OH 45840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Western Refining, Inc.

(Last) (First) (Middle)
539 S. MAIN STREET

(Street)
FINDLAY OH 45840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Giant Industries, Inc.

(Last) (First) (Middle)
539 S. MAIN STREET

(Street)
FINDLAY OH 45840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
TESORO REFINING & MARKETING Co LLC

(Last) (First) (Middle)
539 S. MAIN STREET

(Street)
FINDLAY OH 45840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
Less than 10% owner
Explanation of Responses:
1. This Form 4 is submitted jointly by Marathon Petroleum Corporation ("MPC"), MPC Investment LLC ("MPC Investment"), MPLX GP LLC (the "General Partner"), MPLX Logistics Holdings LLC ("Logistics Holdings"), Andeavor LLC, Western Refining, Inc. ("WRI"), Giant Industries, Inc. ("GII"), Western Refining Southwest, Inc. ("WRSI"), Tesoro Refining & Marketing Company LLC ("TRMC"), and Tesoro Logistics GP, LLC ("TLGP"). Tesoro Alaska Company LLC ("TAC") is also a member of the Reporting Group but, as described below, is filing a separate Form 4 related to the same events as this Form 4. MPC Investment, a direct wholly owned subsidiary of MPC, owns all of the membership interests in the General Partner and Logistics Holdings. Andeavor LLC is a wholly owned subsidiary of MPC. WRI is a wholly owned subsidiary of Andeavor LLC. GII is a wholly owned subsidiary of WRI. WRSI is a wholly owned subsidiary of GII. TRMC and TAC are wholly owned subsidiaries of WRSI.
2. On July 30, 2019 (the "Effective Time"), pursuant to the Agreement and Plan of Merger, dated as of May 7, 2019, by and among the Issuer, Andeavor Logistics LP ("ANDX"), TLGP, the General Partner and MPLX MAX LLC ("Merger Sub"), Merger Sub merged with and into ANDX (the "Merger"), with ANDX surviving the Merger as a wholly owned subsidiary of the Issuer.
3. At the Effective Time, each common unit representing limited partner interests in ANDX held by each of WRSI and TLGP was converted into the right to receive 1.0328 common units representing limited partner interests in the Issuer (such conversion, the "Common Unit Conversion"). As a result of the Common Unit Conversion, WRSI received 69,763,859 common units representing limited partner interests in the Issuer and TLGP received 91,531,747 common units representing limited partner interests in the Issuer.
4. All of the membership interests in TLGP are held by TRMC, TAC and WRSI. Accordingly, MPC Investment, the General Partner, Logistics Holdings, Andeavor LLC, WRI, GII, WRSI, TRMC, TAC and TLGP are all direct or indirect wholly owned subsidiaries of MPC.
5. The closing price of common units representing limited partner interests in the Issuer on July 29, 2019, which was the last complete trading day prior to Effective Time, was $28.51 as reported on the New York Stock Exchange. MPC and certain of the other Reporting Persons may be deemed to beneficially own all of the common units representing limited partner interests in the Issuer owned by each of WRSI and TLGP, but each disclaims beneficial ownership of such securities except to the extent of each Reporting Person's pecuniary interest therein.
6. At the Effective Time, each TexNew Mex Unit of ANDX held by WRSI prior to the Effective Time was converted into the right to receive a TexNew Mex Unit of the Issuer, a new class of limited partner units in the Issuer with substantially the same rights, powers, duties and obligations as the TexNew Mex Units of ANDX. MPC and certain of the other Reporting Persons may be deemed to beneficially own all of the TexNew Mex Units of MPLX owned by WRSI, but each disclaims beneficial ownership of such securities except to the extent of each Reporting Person's pecuniary interest therein.
7. At the Effective Time, the Special Limited Partnership Interest of ANDX held by WRSI prior to the Effective Time was converted into the right to receive a Special Limited Partner Interest of the Issuer, a new class of special limited partner interest in the Issuer with substantially the same rights, powers, duties and obligations as the Special Limited Partner Interest of ANDX. MPC and certain of the other Reporting Persons may be deemed to beneficially own the Special Limited Partner Interest of the Issuer owned by WRSI, but each disclaims beneficial ownership of such security except to the extent of each Reporting Person's pecuniary interest therein.
Remarks:
This Form 4 is the first of two Forms 4 being filed relating to the same events. The Form 4 has been split into two filings because there are more than ten Reporting Persons in the Reporting Group and the SEC's EDGAR filing system limits each Form 4 filing to a maximum of ten Reporting Persons. This Form 4 is jointly filed by MPC, MPC Investment, the General Partner, Logistics Holdings, Andeavor LLC, WRI, GII, WRSI, TRMC and TLGP.
/s/ Molly R. Benson, Vice President, Chief Securities, Governance and Compliance Officer and Corporate Secretary, Marathon Petroleum Corporation 08/01/2019
/s/ Molly R. Benson, Vice President, Chief Securities Governance and Compliance Officer and Corporate Secretary, MPC Investment LLC 08/01/2019
/s/ Molly R. Benson, Vice President, Chief Securities Governance and Compliance Officer and Corporate Secretary, MPLX GP LLC 08/01/2019
/s/ Molly R. Benson, Assistant Secretary, MPLX Logistics Holdings LLC 08/01/2019
/s/ Molly R. Benson, Vice President and Secretary, Western Refining Southwest, Inc. 08/01/2019
/s/ Molly R. Benson, Vice President, Chief Securities, Governance & Compliance Officer and Corporate Secretary, Tesoro Logistics GP, LLC 08/01/2019
/s/ Molly R. Benson, Vice President and Secretary, Andeavor LLC 08/01/2019
/s/ Molly R. Benson, Vice President and Secretary, Western Refining, Inc. 08/01/2019
/s/ Molly R. Benson, Vice President and Secretary, Giant Industries, Inc. 08/01/2019
/s/ Molly R. Benson, Vice President and Secretary, Tesoro Refining & Marketing Company LLC 08/01/2019
** 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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