SEC Form 4 · accession 0000950157-17-000944
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
Jun 15, 2017
Accepted (ET)
Jun 19, 2017 · 3:20 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 StockF1 | holding | — | — | — | 3,115 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightF2 | — | Jun 15, 2017 | A | 1 | A | — | — | Common Stock | 1 | 1 | D |
| Dividend Equivalent RightF3 | — | Jun 15, 2017 | A | 7 | A | — | — | Common Stock | 7 | 7 | D |
Explanation of responses
- F1As of the close of business on June 15, 2017, the Reporting Person had acquired approximately 3,115 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 June 15, 2017).
- F2The dividend equivalent rights accrued on shares of restricted stock and will vest upon the same terms and conditions as such shares of restricted stock. Each dividend equivalent right is the economic equivalent of one share of restricted stock.
- F3The dividend equivalent rights accrued on restricted stock units and will vest upon the same terms and conditions as such restricted stock units. Each dividend equivalent right is the economic equivalent of one restricted stock unit.