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: CISKOWSKI MICHAEL S (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-21	Common Stock, $.01 par value	M	21400	—	Acquired	208539	Direct
2014-01-21	Common Stock, $.01 par value	M	59920	—	Acquired	268459	Direct
2014-01-21	Common Stock, $.01 par value	M	26052	—	Acquired	294511	Direct
2014-01-21	Common Stock, $.01 par value	F	42318	$52.23	Disposed	252193	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-21	Performance Shares	$	M	21400	Disposed	2014-01-21	Common Stock (21400)	Direct
2014-01-21	Performance Shares	$	M	29960	Disposed	2015-01-21	Common Stock (59920)	Direct
2014-01-21	Performance Shares	$	M	13026	Disposed	2016-01-21	Common Stock (26052)	Direct

Footnotes

F1: The 252,193 amount does not include (a) 932.411 shares indirectly owned by the reporting person in a thrift plan, or (b) 103,146 shares held by an entity controlled by the reporting person.

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

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