MURPHY OIL CORP — Director's Dealing 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Murphy USA Inc. (MUSA)
CIK: 0001573516
Period of Report: 2013-08-30

Reporting Person: MURPHY OIL CORP /DE (10% Owner)

Non-Derivative Transactions

Footnotes

F1: In connection with the spin off of Murphy USA Inc. ("Murphy USA") by Murphy Oil Corporation ("Murphy Oil") and in accordance with the terms and conditions of the Separation and Distribution Agreement by and between Murphy Oil Corporation and Murphy USA Inc. dated as of August 30, 2013, 2013 (the "Separation Agreement"), Murphy Oil received 46,743,216 shares of Murphy USA common stock which, when combined with the 100 shares held by Murphy Oil prior thereto, equals the number of Murphy USA shares of common stock distributed by Murphy Oil in the Distribution, as such term is defined in the Separation Agreement.

F2: In connection with the spin off of Murphy USA by Murphy Oil and in accordance with the terms and conditions of the Separation Agreement, Murphy Oil effected the Distribution, as such term is defined in the Separation Agreement, on August 30, 2013, and caused to be distributed to each holder of record of Murphy Oil common stock as of August 21, 2013, the record date, by means of a pro-rata distribution, one share of Murphy USA common stock for every four shares of Murphy Oil common stock held of record by such holder as of the record date.