VALERO ENERGY CORP/TX — Director's Dealing 2015

May 1, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALERO ENERGY CORP/TX (VLO)
CIK: 0001035002
Period of Report: 2015-04-30

Reporting Person: Waters Stephen M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-04-30	Common Stock, $.01 par value	A	2997	—	Acquired	19039	Direct
2015-04-30	Common Stock, $.01 par value	F	597	$57.105	Disposed	18442	Direct
2015-04-30	Common Stock, $.01 par value	M	10700	$30.767	Acquired	29142	Direct
2015-04-30	Common Stock, $.01 par value	S	10700	$56.1268	Disposed	18442	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-04-30	Stock option (right to buy)	$30.767	M	10700	Disposed	2015-09-23	Common Stock (10700)	Direct

Footnotes

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