VALERO ENERGY CORP/TX — Director's Dealing 2015

Nov 6, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALERO ENERGY CORP/TX (VLO)
CIK: 0001035002
Period of Report: 2015-11-04

Reporting Person: Browning Jay D. (EVP & GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-04	Common Stock, $.01 par value	A	10300	—	Acquired	175190	Direct
2015-11-04	Common Stock, $.01 par value	F	4321	$70.545	Disposed	170869	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-04	Performance Shares	$	A	10300	Acquired	2019-01-31	Common Stock ()	Direct

Footnotes

F1: Award of restricted common shares subject to time vesting.

F2: Shares withheld to satisfy tax obligation for restricted stock holdings.

F3: The 170,869 amount does not include 365.5543 shares indirectly owned by the reporting person in a thrift plan.

F4: The performance shares vest annually in one-third increments beginning in January 2017 and are payable in shares of common stock in amounts ranging from zero to 200 percent of the performance shares.