SEC Form 4 · accession 0000950157-17-000135
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mary J Twinem
Director
Period of report
Jan 24, 2017
Accepted (ET)
Jan 26, 2017 · 4:29 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 UnitsF2,F1,F3,F4 | — | Jan 24, 2017 | A | 4,960 | A | — | — | Common Stock | 4,960 | 6,521 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of VVV common stock.
- F2Represents annual award of Restricted Stock Units pursuant to Issuer's 2016 Deferred Compensation Plan for Non-Employee Directors, and exempt pursuant to Rule 16b-3.
- F3The Restricted Stock Units vest one year after date of grant.
- F4Subject 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.