SEC Form 4 · accession 0001674910-18-000099
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Heidi J. Matheys
Officer — SVP, Chief Marketing Officer
Period of report
Nov 16, 2018
Accepted (ET)
Nov 20, 2018 · 5:29 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 16, 2018 | M | 1,215 | — | A | 16,099 | D | |
| Common Stock | Nov 16, 2018 | F | 391 | $20.41 | D | 15,708 | D | |
| Common StockF1 | Nov 16, 2018 | M | 669 | — | A | 16,377 | D | |
| Common Stock | Nov 16, 2018 | F | 215 | $20.41 | D | 16,162 | D | |
| Common StockF1 | Nov 16, 2018 | M | 1,256 | — | A | 17,418 | D | |
| Common Stock | Nov 16, 2018 | F | 404 | $20.41 | D | 17,014 | D | |
| Common StockF1 | Nov 16, 2018 | M | 645 | — | A | 17,659 | D | |
| Common Stock | Nov 16, 2018 | F | 208 | $20.41 | D | 17,451 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UnitsF1,F2 | — | Nov 16, 2018 | M | 1,215 | D | — | — | Common Stock | 1,215 | 0 | D |
| UnitsF1,F3 | — | Nov 16, 2018 | M | 669 | D | — | — | Common Stock | 669 | 0 | D |
| UnitsF1,F2 | — | Nov 16, 2018 | M | 1,256 | D | — | — | Common Stock | 1,256 | 0 | D |
| UnitsF1,F3 | — | Nov 16, 2018 | M | 645 | D | — | — | Common Stock | 645 | 645 | D |
Explanation of responses
- F1Restricted stock units convert into Valvoline common stock on a one-for-one basis.
- F2Earned performance stock units vest on the third anniversary of the grant date.
- F3The restricted stock units vest one-third on each anniversary following the grant date.