SEC Form 4 · accession 0001674910-18-000112
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas A. Gerrald II
Officer — Senior VP, Core North America
Period of report
Nov 19, 2018
Accepted (ET)
Nov 21, 2018 · 9:50 am 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 Stock | Nov 20, 2018 | S | 1,566 | $20.385 | D | 1,643 | D | |
| Common StockF1 | holding | — | — | — | 3,142 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UnitsF2,F3 | — | Nov 19, 2018 | A | 2,820 | A | — | — | Common Stock | 2,820 | 2,820 | D |
| Stock Appreciation RightF4 | $20.37 | Nov 19, 2018 | A | 10,500 | A | — | Nov 19, 2028 | Common Stock | 10,500 | 10,500 | D |
Explanation of responses
- F1Represents 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 20, 2018.
- F2Each restricted stock unit represents a right to receive one share of Valvoline common stock.
- F3The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
- F4Fifty percent (50%) of the stock appreciation rights vest on the first anniversary of the grant date and 25% vest on each of the second and third anniversaries of the grant date.