SEC Form 4 · accession 0001350220-16-000016
VALERO ENERGY CORP/TX · VLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph W Gorder
Officer — COB, President and CEO · Director
Period of report
Nov 2, 2016
Accepted (ET)
Nov 4, 2016 · 4:26 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 2, 2016 | A | 82,420 | $0.00 | A | 438,533 | D | |
| Common Stock, $.01 par valueF2,F3 | Nov 2, 2016 | F | 34,576 | $58.935 | D | 403,957 | 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 2, 2016 | A | 82,420 | A | — | Jan 31, 2020 | Common Stock | — | 82,420 | D |
Explanation of responses
- F1Award of restricted common shares subject to time vesting.
- F2Shares withheld to satisfy tax obligation for restricted stock holdings.
- F3The 403,957 amount does not include 3,112.612 shares indirectly owned by the reporting person in a thrift plan.
- F4The performance shares vest annually in one-third increments beginning in January 2018 and are payable in shares of common stock in amounts ranging from zero to 200 percent of the performance shares.