SEC Form 4 · accession 0001674910-18-000107
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Julie Marie O'Daniel
Officer — CLO and Corp. Secy
Period of report
Nov 16, 2018
Accepted (ET)
Nov 20, 2018 · 5:45 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 | 695 | — | A | 2,884 | D | |
| Common Stock | Nov 16, 2018 | F | 224 | $20.41 | D | 2,660 | D | |
| Common StockF1 | Nov 16, 2018 | M | 375 | — | A | 3,035 | D | |
| Common Stock | Nov 16, 2018 | F | 121 | $20.41 | D | 2,914 | D | |
| Common StockF1 | Nov 16, 2018 | M | 718 | — | A | 3,632 | D | |
| Common Stock | Nov 16, 2018 | F | 231 | $20.41 | D | 3,401 | D | |
| Common StockF1 | Nov 16, 2018 | M | 1,102 | — | A | 4,503 | D | |
| Common Stock | Nov 16, 2018 | F | 354 | $20.41 | D | 4,149 | D | |
| Common StockF2 | holding | — | — | — | 877 | 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 | — | Nov 16, 2018 | M | 695 | D | — | — | Common Stock | 695 | 0 | D |
| UnitsF1,F4 | — | Nov 16, 2018 | M | 375 | D | — | — | Common Stock | 375 | 0 | D |
| UnitsF1,F3 | — | Nov 16, 2018 | M | 718 | D | — | — | Common Stock | 718 | 0 | D |
| UnitsF1,F4 | — | Nov 16, 2018 | M | 1,102 | D | — | — | Common Stock | 1,102 | 1,103 | D |
Explanation of responses
- F1Restricted stock units convert into Valvoline common stock on a one-for-one basis.
- F2Represents 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 as of the close of business on Novemeber 16, 2018.
- F3Earned performance stock units vest on the third anniversary of the grant date.
- F4The restricted stock units vest one-third on each anniversary following the grant date.