Phil owns 10 shares of X Company stock. On June 1^st, X declared a dividend of $1/share. The date of record is June 20^th. The dividends were paid on July 5^th. On June 14^th, Phil sold his shares to Mark. The dividend payment will be made to:

1. Phil.
2. Mark.
3. Phil, only if he sold the shares at the market price.
4. Mark, only if he bought the shares at the market price.