SEC Form 4 · accession 0000947871-17-000918
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frances E. Lockwood
Officer — Chief Technology Officer
Period of report
Nov 10, 2017
Accepted (ET)
Nov 14, 2017 · 6:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001674910
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 10, 2017 | M | 4,113 | — | A | 24,990 | D | |
| Common Stock | Nov 10, 2017 | F | 1,694 | $23.04 | D | 23,296 | D | |
| Common StockF2 | holding | — | — | — | 6,287 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F3 | — | Nov 10, 2017 | M | 4,113 | D | — | — | Common Stock | 4,113 | 0 | D |
Explanation of responses
- F1Restricted stock units convert into Valvoline common stock on a one-for-one basis.
- F2As of the close of business on November 13, 2017, the Reporting Person had acquired approximately 6,287 shares of Valvoline common stock under the Valvoline 401(k) Plan (based on the closing price of Valvoline common stock as of the close of business on November 13, 2017).
- F3The Reporting Person held restricted stock units which Valvoline considered vested as of the transaction date.