SEC Form 4 · accession 0001593060-18-000002
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 23, 2018
Accepted (ET)
Jan 25, 2018 · 5:02 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 23, 2018 | M | 19,678 | $0.00 | A | 225,677 | D | |
| Common Stock, $.01 par valueF1 | Jan 23, 2018 | F | 7,794 | $98.685 | D | 217,883 | 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 23, 2018 | M | 3,056 | D | Jan 23, 2018 | Jan 23, 2018 | Common Stock | 6,540 | 0 | D |
| Performance SharesF3 | — | Jan 23, 2018 | M | 3,433 | D | Jan 23, 2018 | Jan 23, 2019 | Common Stock | 5,783 | 3,343 | D |
| Performance SharesF3 | — | Jan 23, 2018 | M | 4,470 | D | Jan 23, 2018 | Jan 23, 2020 | Common Stock | 7,355 | 8,940 | D |
Explanation of responses
- F1The 217,883 amount does not include (a) 398.9067 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 pursuant to the terms of a Performance Share Agreement.
- F3Settlement of previously awarded performance shares at 160% of base shares pursuant to the terms of a Performance Share Agreement.