SEC Form 4 · accession 0001674910-18-000136
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carol H. Kruse
Director
Period of report
Dec 4, 2018
Accepted (ET)
Dec 6, 2018 · 6:29 pm 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UnitsF2,F1,F3 | — | Dec 4, 2018 | A | 863 | A | — | — | Common Stock | 863 | 863 | D |
Explanation of responses
- F1Each unit represents a right to receive one share of Valvoline common stock.
- F2Represents pro-rata annual award of units pursuant to Valvoline's 2016 Deferred Compensation Plan for Non-Employee Directors.
- F3The units vest one year after the date of grant. Any vested units will be paid in cash or shares of common stock at the time specified in the reporting person's distribution election form, or if no election is made, upon separation from service.