VALERO ENERGY CORP/TX — Director's Dealing 2011

Mar 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALERO ENERGY CORP/TX (VLO)
CIK: 0001035002
Period of Report: 2011-03-24

Reporting Person: MARBUT BOB (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-24	Common Stock, $.01 par value	M	11060	$8.0338	Acquired	35610	Direct
2011-03-24	Common Stock, $.01 par value	F	3098	$28.675	Disposed	32512	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-24	Stock Option (right to buy)	$8.0338	M	11060	Disposed	2011-05-01	Common Stock (11060)	Direct

Footnotes

F1: The 32,512 amount does not include 32,618 indirectly owned shares held by a corporation owned by the reporting person.