SEC Form 4 · accession 0000947871-18-000563
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
Jul 9, 2018
Accepted (ET)
Jul 11, 2018 · 5:47 pm EDT
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 Stock | Jul 9, 2018 | M | 3,362 | $9.64 | A | 5,445 | D | |
| Common Stock | Jul 9, 2018 | M | 7,263 | $10.33 | A | 12,708 | D | |
| Common Stock | Jul 9, 2018 | M | 8,339 | $13.08 | A | 21,047 | D | |
| Common Stock | Jul 9, 2018 | F | 12,832 | $21.65 | D | 8,215 | D | |
| Common Stock | Jul 10, 2018 | S | 6,132 | $21.72 | D | 2,083 | D | |
| Common StockF2 | holding | — | — | — | 7,544 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2011 Stock Appreciation Right | $9.64 | Jul 9, 2018 | M | 3,362 | D | Nov 17, 2013 | Dec 17, 2020 | Common Stock | 3,362 | 0 | D |
| FY 2012 Stock Appreciation Right | $10.33 | Jul 9, 2018 | M | 7,263 | D | Dec 2, 2014 | Jan 2, 2022 | Common Stock | 7,263 | 0 | D |
| FY 2013 Stock Appreciation Right | $13.08 | Jul 9, 2018 | M | 8,339 | D | Nov 14, 2015 | Dec 14, 2022 | Common Stock | 8,339 | 0 | D |
Explanation of responses
- F1Stock appreciation rights were exercised and the net issued shares were sold pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on May 21, 2018.
- F2As of the close of business on July 10, 2018, the Reporting Person had acquired approximately 7,544 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 July 10, 2018).