X0303 4 2009-10-29 0000050104 TESORO CORP /NEW/ TSO 0001111385 SMITH BRUCE A 300 CONCORD PLAZA SAN ANTONIO TX 78216 0 1 0 0 President and CEO Common Stock 2009-10-29 4 M 0 50000 6.42 A 1187187 D Common Stock 2009-10-29 4 S 0 50000 14.74 D 1137187 D Employee Stock Option 6.42 2009-10-29 4 M 0 50000 14.74 D 2009-11-12 Common Stock 50000 3229700 D Balance includes 49,268 shares of restricted shares, 23,919 shares in Company's Thrift Plan and direct ownership of 1,064,000 shares less dividends. Exercise pursuant to 10b5-1 Trading Plan. "Right to Buy" Avg sale price. 50,000 shares sold as: 100 at 14.51, 100 at 14.52, 200 at 14.53, 100 at 14.54, 200 at 14.55, 400 at 14.56, 300 at 14.57, 500 at 14.58, 600 at 14.59, 700 at 14.60, 500 at 14.61, 500 at 14.62, 100 at 14.63, 200 at 14.64, 300 at 14.65, 400 at 14.66, 400 at 14.67, 100 at 14.675, 1100 at 14.68, 2600 at 14.69, 1400 at 14.70, 2600 at 14.71, 3100 at 14.72, 4200 at 14.73, 3900 at 14.74, 100 at 14.743, 100 at 14.745, 1300 at 14.75, 100 at 14.753, 2400 at 14.76, 100 at 14.765, 1500 at 14.77, 2700 at 14.78, 3600 at 14.79, 2800 at 14.80, 100 at 14.805, 2300 at 14.81, 1700 at 14.82, 100 at 14.825, 900 at 14.83, 600 at 14.84, 1000 at 14.85, 100 at 14.855, 900 at 14.86, 100 at 14.863, 500 at 14.87, 700 at 14.88, 100 at 14.885, 200 at 14.89, 700 at 14.90, 300 at 14.91, 200 at 14.93, and 200 at 14.94. Grant has a graded vesting schedule. Date exercisable will very for each vesting trance. Charles S. Parrish - Attorney-in-Fact for Bruce A. Smith 2009-11-02