VALERO ENERGY CORP/TX — Director's Dealing 2014

Jan 23, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALERO ENERGY CORP/TX (VLO)
CIK: 0001035002
Period of Report: 2014-01-21

Reporting Person: KLESSE WILLIAM R (Director, COB and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-21	Common Stock, $.01 par value	M	106803	—	Acquired	1216231	Direct
2014-01-21	Common Stock, $.01 par value	M	180510	—	Acquired	1396741	Direct
2014-01-21	Common Stock, $.01 par value	M	78966	—	Acquired	1475707	Direct
2014-01-21	Common Stock, $.01 par value	F	150899	$52.23	Disposed	1324808	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-21	Performance Shares	$	M	106803	Disposed	2014-01-21	Common Stock (106803)	Direct
2014-01-21	Performance Shares	$	M	90255	Disposed	2015-01-21	Common Stock (180510)	Direct
2014-01-21	Performance Shares	$	M	39483	Disposed	2016-01-21	Common Stock (78966)	Direct

Footnotes

F1: The 1,324,808 amount does not include 26,285.144 shares indirectly owned by the reporting person in a thrift plan.

F2: Settlement of previously awarded performance shares at 100% of base shares.

F3: Settlement of previously awarded performance shares at 200% of base shares.