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: Gorder Joseph W (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-21	Common Stock, $.01 par value	M	14266	—	Acquired	185433	Direct
2014-01-21	Common Stock, $.01 par value	M	35666	—	Acquired	221099	Direct
2014-01-21	Common Stock, $.01 par value	M	30054	—	Acquired	251153	Direct
2014-01-21	Common Stock, $.01 par value	F	30823	$52.23	Disposed	220330	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-21	Performance Shares	$	M	14266	Disposed	2014-01-21	Common Stock (14266)	Direct
2014-01-21	Performance Shares	$	M	17833	Disposed	2015-01-21	Common Stock (35666)	Direct
2014-01-21	Performance Shares	$	M	15027	Disposed	2016-01-21	Common Stock (30054)	Direct

Footnotes

F1: The 220,330 amount does not include 2,874.676 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.