SEC Form 4 · accession 0001229538-17-000009
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 1, 2017
Accepted (ET)
Nov 3, 2017 · 4:36 pm EDT
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 1, 2017 | A | 25,530 | $0.00 | A | 92,943 | D | |
| Commn Stock, $.01 par valueF2,F3 | Nov 1, 2017 | F | 10,710 | $80.00 | D | 82,233 | 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 1, 2017 | A | 25,530 | A | — | Jan 31, 2021 | Common Stock | — | 25,530 | D |
Explanation of responses
- F1Award of restricted common shares subject to time vesting.
- F2Shares withheld to satisfy tax obligation for restricted stock holdings.
- F3The 82,233 amount does not include (a) 1,051.602 shares indirectly owned by the reporting person in a thrift plan, or (b) 176,218 shares held by an entity controlled by the reporting person.
- F4The performance shares vest annually in one-third increments beginning in January 2019, payable in shares of common stock in amounts ranging from zero to 200 percent of the performance shares, and the reporting person may designate to receive up to 50 percent of the vested shares, if any, in cash equivalent based on the vesting date value.