SEC Form 4 · accession 0001674910-18-000078
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Samuel J Mitchell
Officer — Chief Executive Officer · Director
Period of report
Nov 13, 2018
Accepted (ET)
Nov 14, 2018 · 5:14 pm EST
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 | Nov 13, 2018 | M | 10,097 | — | A | 150,120 | D | |
| Common StockF2 | Nov 13, 2018 | F | 4,685 | $19.73 | D | 145,435 | D | |
| Common StockF3 | holding | — | — | — | 5,243 | 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,F4 | — | Nov 13, 2018 | A | 10,097 | D | — | — | Common Stock | 10,097 | 20,195 | D |
Explanation of responses
- F1Restricted stock units convert into Valvoline common stock on a one-for-one basis.
- F2Includes 29,472 shares of unvested restricted stock.
- F3Represents the approximate number of shares of Valvoline common stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline common stock on November 13, 2018.
- F4The restricted stock units vest one-third on each anniversary following the grant date.