SEC Form 4 · accession 0000947871-17-000929
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig A. Moughler
Officer — Senior Vice President
Period of report
Nov 13, 2017
Accepted (ET)
Nov 15, 2017 · 6:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001674910
Table I — non-derivative securities
No Table I lines on this filing.
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,F2 | — | Nov 13, 2017 | A | 2,360 | A | — | — | Common Stock | 2,360 | 2,360 | D |
| Stock Appreciation RightF3 | $23.08 | Nov 13, 2017 | A | 10,120 | A | — | Nov 13, 2027 | Common Stock | 10,120 | 10,120 | D |
Explanation of responses
- F1Each restricted stock unit represents a right to receive one share of Valvoline common stock.
- F2The restricted stocks units vest in three equal annual installments beginning on the first anniversary of the grant date.
- F3Fifty percent (50%) of the stock appreciation rights vest on November 13, 2018, twenty-five percent (25%) of the stock appreciation rights vest on November 13, 2019 and twenty-five percent (25%) of the stock appreciation rights vest on November 13, 2020.