Attached files
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| 8-K - MARATHON OIL CORPORATION FORM 8-K DATAE MAY 25, 2011 - MARATHON OIL CORP | form8k2011june01.htm |
| EX-99.1 - EXHIBIT 99.1 - MARATHON OIL CORP | exhibit99-1.htm |
| EX-99.3 - EXHIBIT 99.3 - MARATHON OIL CORP | exhibit99-3.htm |
Exhibit 99.2
Important Notice Concerning Your Rights
Under The Marathon Oil Company Thrift Plan
and the Marathon Petroleum Thrift Plan
May 25, 2011
This notice is being provided because federal law generally requires that you be furnished notice of a blackout period at least 30 days in advance of the last date on which you could exercise your affected rights immediately before the commencement of any blackout period in order to provide you with sufficient time to consider the effect of the blackout period on your retirement and financial plans.
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1.
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This notice is to inform you that because of the transition to the new Plan and of the MRO Stock split, there will be a period of time when you will be unable to exchange out of MRO Stock or take distributions or loans from it. This time during which you will be unable to exercise your rights otherwise available under the Plan is called a “blackout period.” It begins at 4 p.m. Eastern time on June 24, 2011, and is expected to end by July 11, 2011. During this time, you can determine whether the blackout period ended by calling the Fidelity Investments Service Center at 1‐800‐841‐0213 through June 30, 2011, or 1‐866‐602‐0595 on or after July 1, 2011.
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In addition, you will be unable to exchange into or contribute to MRO Stock after 4 p.m. on June 29, 2011. Any good ‘til cancelled orders involving selling MRO Stock will be cancelled on June 24, 2011. Any good ‘til cancelled orders involving buying MRO Stock will be cancelled after June 29, 2011.
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3.
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Also, after your MRO Stock splits into MRO Stock and MPC Stock, there will be a period of time during which you will be unable to exchange into or out of MPC Stock, take distributions or loans from it, or contribute to it. (Any contributions to MPC Stock or to any of the other investment options that are deducted from your paycheck during this time will not be lost, but there may be a delay in having them posted to your account.)
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This time during which you will be unable to exercise your rights otherwise available under the Plan is called a “blackout period” for MPC Stock. It begins when the stock splits on July 1, 2011, and is expected to end by July 11, 2011. During this time, you can determine whether the blackout period has ended by calling the Fidelity Investments Service Center at 1‐866‐602‐0595.
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5.
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During the blackout periods you will be unable to direct or diversify the assets held in MRO Stock in the Marathon Oil Company Thrift Plan and the Marathon Petroleum Thrift Plan, and you will be unable to direct or diversify the assets held in MPC Stock in the Marathon Petroleum Thrift Plan. For this reason, it is very important that you review and consider the appropriateness of your current investments in light of your inability to direct or diversify those investments during the blackout periods. For your long‐term retirement security, you should give careful consideration to the importance of a well‐balanced and diversified investment portfolio, taking into account all your assets, income, and investments. Whether or not you are planning retirement in the near future, we encourage you to carefully consider how this blackout period may affect your retirement planning and your overall financial plan. You should be aware that there is a risk to holding a substantial portion of your assets in the securities of any one company, as individual securities tend to have wider price swings, up and down, in short periods of time than investments in diversified funds. Stocks that have wide price swings might have a large loss during the blackout period, and you would not be able to direct the sale of such stocks from your account during the blackout period.
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The information contained herein has been provided by Marathon and is solely the responsibility of Marathon.