SEC Form 4 · accession 0000947871-17-000961
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony R. Puckett
Officer — President, Quick Lubes
Period of report
Nov 16, 2017
Accepted (ET)
Nov 20, 2017 · 8:37 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 | 6,192 | D | |
| Common Stock | Nov 16, 2017 | F | 225 | $24.87 | D | 5,967 | D | |
| Common StockF1 | Nov 17, 2017 | M | 638 | — | A | 6,605 | D | |
| Common Stock | Nov 17, 2017 | F | 228 | $24.47 | D | 6,377 | D | |
| Common StockF2 | Nov 20, 2017 | S | 4,294 | $24.33 | D | 2,083 | D | |
| Common StockF3 | holding | — | — | — | 5,184 | 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,F4 | — | Nov 16, 2017 | M | 631 | D | — | — | Common Stock | 631 | 1,272 | D |
| Restricted Stock UnitF1,F4 | — | 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.
- F2The price reported in Column 4 is a weighted average price. These shares of Valvoline common stock were sold in multiple transactions at prices ranging from $24.331 to $24.335 inclusive. Upon request, the Reporting Person will provide Valvoline, any security holder of Valvoline, or the Securities and Exchange Commission full information regarding the shares of Valvoline common stock sold at each separate price within the range set forth in this footnote.
- F3As of the close of business on November 17, 2017, the Reporting Person had acquired approximately 5,184 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).
- F4These restricted stock units vest one-third on each anniversary following the grant date.
Remarks
Exhibit Index: Exhibit 24.1 - Power of Attorney