SEC Form 4 · accession 0001674910-18-000118
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig A. Moughler
Officer — Senior Vice President
Period of report
Nov 19, 2018
Accepted (ET)
Nov 21, 2018 · 11:42 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001674910
Table I — non-derivative securities
No Table I lines on this filing.
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 19, 2018 | A | 2,820 | A | — | — | Common Stock | 2,820 | 2,820 | D |
| Stock Appreciation RightF3 | $20.37 | Nov 19, 2018 | A | 10,500 | A | — | Nov 19, 2028 | Common Stock | 10,500 | 10,500 | D |
Explanation of responses
- F1Each restricted stock unit represents a right to receive one share of Valvoline common stock.
- F2The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
- F3Fifty 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.