SEC Form 4 · accession 0000947871-17-000955
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas A. Gerrald II
Officer — Senior Vice President
Period of report
Nov 16, 2017
Accepted (ET)
Nov 20, 2017 · 8:11 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 16, 2017 | M | 631 | — | A | 3,692 | D | |
| Common Stock | Nov 16, 2017 | F | 225 | $24.87 | D | 3,467 | D | |
| Common StockF1 | Nov 17, 2017 | M | 638 | — | A | 4,105 | D | |
| Common Stock | Nov 17, 2017 | F | 228 | $24.47 | D | 3,877 | D | |
| Common StockF2 | holding | — | — | — | 3,125 | 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 16, 2017 | M | 631 | D | — | — | Common Stock | 631 | 1,272 | D |
| Restricted Stock UnitF1,F3 | — | Nov 17, 2017 | M | 638 | D | — | — | Common Stock | 638 | 660 | 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 17, 2017, the Reporting Person had acquired approximately 3,125 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 17, 2017).
- F3These restricted stock units vest one-third on each anniversary following the grant date.