VALERO ENERGY CORP/TX — Director's Dealing 2015

Jan 26, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALERO ENERGY CORP/TX (VLO)
CIK: 0001035002
Period of Report: 2015-01-22

Reporting Person: CISKOWSKI MICHAEL S (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-22	Common Stock, $.01 par value	M	49944	—	Acquired	297110	Direct
2015-01-22	Common Stock, $.01 par value	M	26050	—	Acquired	323160	Direct
2015-01-22	Common Stock, $.01 par value	M	18668	—	Acquired	341828	Direct
2015-01-22	Common Stock, $.01 par value	F	36716	$47.515	Disposed	305112	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-22	Performance Shares	$	M	29960	Disposed	2015-01-22	Common Stock (49944)	Direct
2015-01-22	Performance Shares	$	M	13025	Disposed	2016-01-22	Common Stock (26050)	Direct
2015-01-22	Performance Shares	$	M	9334	Disposed	2017-01-22	Common Stock (18668)	Direct

Footnotes

F1: The 305,112 amount does not include (a) 951.8309 shares indirectly owned by the reporting person in a thrift plan, or (b) 82,678 shares held by an entity controlled by the reporting person.

F2: Settlement of previously awarded performance shares at 166.7% of base shares.

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