SEC Form 4 · accession 0001229538-15-000009
VALERO ENERGY CORP/TX · VLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael S Ciskowski
Officer — EVP and CFO
Period of report
Nov 4, 2015
Accepted (ET)
Nov 6, 2015 · 4:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001035002
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par valueF1 | Nov 4, 2015 | A | 23,310 | $0.00 | A | 71,289 | D | |
| Common Stock, $.01 par valueF2,F3 | Nov 4, 2015 | F | 9,779 | $70.545 | D | 61,510 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF4 | — | Nov 4, 2015 | A | 23,310 | A | — | Jan 31, 2019 | Common Stock | — | 23,310 | D |
Explanation of responses
- F1Award of restricted common shares subject to time vesting.
- F2Shares withheld to satisfy tax obligation for restricted stock holdings.
- F3The 61,510 amount does not include (a) 971.438 shares indirectly held by the reporting person in a thrift plan, or (b) 227,279 shares held by an entity controlled by the reporting person.
- F4The performance shares vest annually in one-third increments beginning in January 2017 and are payable in shares of common stock in amounts ranging from zero to 200 percent of the performance shares.