SEC Form 4 · accession 0001593060-17-000002
VALERO ENERGY CORP/TX · VLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay D. Browning
Officer — EVP & GC
Period of report
Jan 26, 2017
Accepted (ET)
Jan 30, 2017 · 4:19 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 value | Jan 26, 2017 | M | 5,586 | $0.00 | A | 197,223 | D | |
| Common Stock, $.01 par value | Jan 26, 2017 | M | 6,484 | $0.00 | A | 203,707 | D | |
| Common Stock, $.01 par value | Jan 26, 2017 | M | 5,334 | $0.00 | A | 209,041 | D | |
| Common Stock, $.01 par valueF1 | Jan 26, 2017 | F | 7,372 | $67.845 | D | 201,669 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance SharesF2 | — | Jan 26, 2017 | M | 2,793 | D | Jan 26, 2017 | Jan 26, 2017 | Common Stock | 5,586 | 0 | D |
| Performance SharesF2 | — | Jan 26, 2017 | M | 3,057 | D | Jan 26, 2017 | Jan 26, 2018 | Common Stock | 6,484 | 3,056 | D |
| Performance SharesF3 | — | Jan 26, 2017 | M | 3,434 | D | Jan 26, 2017 | Jan 26, 2019 | Common Stock | 5,334 | 6,866 | D |
Explanation of responses
- F1The 201,669 amount does not include (a) 383.2813 shares indirectly owned by the reporting person in a thrift plan, or (b) 230 shares held by the reporting person's spouse.
- F2Settlement of previously awarded performance shares at 200% of base shares.
- F3Settlement of previously awarded performance shares at 150% of base shares.