SEC Form 4 · accession 0001674910-19-000022
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brad Patrick
Officer — Chief People and Comm. Officer
Period of report
Feb 1, 2019
Accepted (ET)
Feb 4, 2019 · 4:51 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 | Feb 1, 2019 | M | 3,430 | $0.00 | A | 3,430 | D | |
| Common Stock | Feb 1, 2019 | F | 1,283 | $22.47 | D | 2,147 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UnitsF1,F2 | — | Feb 1, 2019 | M | 3,430 | A | — | — | Common Stock | 3,430 | 9,695 | D |
Explanation of responses
- F1Restricted stock units convert into Valvoline common stock on a one-for-one basis.
- F2The restricted stock units vest one-third on each anniversary following the grant date.