SEC Form 4 · accession 0001674910-18-000059
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J. Scheve
Officer — Controller
Period of report
Oct 10, 2018
Accepted (ET)
Oct 11, 2018 · 4:52 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 | Oct 10, 2018 | M | 2,067 | — | A | 2,365 | D | |
| Common Stock | Oct 10, 2018 | F | 664 | $19.58 | D | 1,701 | D | |
| Common StockF2 | holding | — | — | — | 277 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UnitsF1,F3 | — | Oct 10, 2018 | M | 2,067 | A | — | — | Common Stock | 2,067 | 6,202 | D |
Explanation of responses
- F1Restricted stock units convert into Valvoline common stock on a one-for-one basis.
- F2As of the close of business on October 10, 2018, the Reporting Person had acquired approximately 277 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 October 10, 2018).
- F3The restricted stock units granted to the Reporting Person on October 10, 2016 vest 25% on the second anniversary of the grant date and 75% on the third anniversary of the grant date.