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: Browning Jay D. (EVP & GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-22	Common Stock, $.01 par value	M	13080	—	Acquired	160263	Direct
2015-01-22	Common Stock, $.01 par value	M	6698	—	Acquired	166961	Direct
2015-01-22	Common Stock, $.01 par value	M	5588	—	Acquired	172549	Direct
2015-01-22	Common Stock, $.01 par value	F	7659	$47.515	Disposed	164890	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-22	Performance Shares	$	M	7846	Disposed	2015-01-22	Common Stock (13080)	Direct
2015-01-22	Performance Shares	$	M	3349	Disposed	2016-01-22	Common Stock (6698)	Direct
2015-01-22	Performance Shares	$	M	2794	Disposed	2017-01-22	Common Stock (5588)	Direct

Footnotes

F1: The 164,890 amount does not include 358.1761 shares indirectly owned by the reporting person in a thrift plan.

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.