SEC Form 4 · accession 0001593060-17-000008
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
Nov 1, 2017
Accepted (ET)
Nov 3, 2017 · 4:31 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 | 11,060 | $0.00 | A | 210,639 | D | |
| Common Stock, $.01 par valueF2,F3 | Nov 1, 2017 | F | 4,640 | $80.00 | D | 205,999 | 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 | 11,060 | A | — | Jan 31, 2021 | Common Stock | — | 11,060 | D |
Explanation of responses
- F1Award of restricted common shares subject to time vesting.
- F2Shares withheld to satisfy tax obligation for restricted stock holdings.
- F3The 205,999 amount does not include (a) 395.7206 shares indirectly owned by the reporting person in a thrift plan, or (b) 230 shares held by the reporting person's spouse.
- 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.