SEC Form 4 · accession 0000950157-16-002328
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mary J Twinem
Director
Period of report
Oct 1, 2016
Accepted (ET)
Oct 4, 2016 · 4:35 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 | Oct 1, 2016 | A | 4,937 | $0.00 | A | 9,937 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | — | Oct 1, 2016 | A | 1,561 | A | — | — | Common Stock | 1,561 | 1,561 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of VVV common stock.
- F2The Restricted Stock Units vest one year after date of grant.
- F3Subject to any deferral election on timing of distribution by the reporting person under the Plan, the reporting person may, prior to vesting, elect to receive the Restricted Stock Units in Common Stock or cash upon separation from service as a director.
Remarks
Shares of Common Stock granted pursuant to the 2016 Valvoline Incentive Plan. Restricted Stock Units granted pursuant to the Issuer's 2016 Deferred Compensation Plan for Non-Employee Directors, and exempt under Rule 16b-3.