SEC Form 4 · accession 0001674910-19-000002
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen E. Macadam
Director
Period of report
Dec 31, 2018
Accepted (ET)
Jan 2, 2019 · 11:41 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 | — | Dec 31, 2018 | A | 1,292 | A | — | — | Common Stock | 1,292 | 16,001 | D |
Explanation of responses
- F1Each unit represents a contingent right to receive one share of Valvoline common stock upon distribution.
- F2Shares of Valvoline common stock or cash become payable in respect of the units upon the event of an unforeseeable emergency (as defined in the Valvoline 2016 Deferred Compensation Plan for Non-Employee Directors (the "Plan")) or the Reporting Person's death, disability or separation from service, in accordance with the terms of the Plan.