SEC Form 4 · accession 0001674910-19-000026
VALVOLINE INC · VVV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vada O Manager
Director
Period of report
Jan 31, 2019
Accepted (ET)
Feb 4, 2019 · 5:27 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 | — | Jan 31, 2019 | A | 4,976 | A | — | — | Common Stock | 4,976 | 160,973 | D |
| UnitsF4,F3 | $22.11 | Jan 31, 2019 | I | 1,922 | D | — | — | Common Stock | 1,922 | 159,051 | D |
Explanation of responses
- F1Each unit represents a right to receive one share of Valvoline common stock.
- F2Represents 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 in 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.
- F4Intraplan transfer by the Reporting Person of Units held in Valvoline's 2016 Deferred Compensation Plan for Non-Employee Directors.