VALERO ENERGY CORP/TX — Director's Dealing 2011

May 2, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALERO ENERGY CORP/TX (VLO)
CIK: 0001035002
Period of Report: 2011-04-28

Reporting Person: CHOATE JERRY D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-28	Common Stock, $.01 par value	A	5714	—	Acquired	65273	Direct
2011-04-29	Common Stock, $.01 par value	M	4000	$12.2613	Acquired	69273	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-29	Stock option (right to buy)	$12.2613	M	4000	Disposed	2011-05-10	Common Stock (4000)	Direct

Footnotes

F1: Award of restricted stock under the Valero Energy Corporation Non-Employee Director Restricted Stock Plan. The shares of restricted stock will vest on the date of Valero's annual meeting of stockholders in 2012.