VALERO ENERGY CORP/TX — Director's Dealing 2016

Nov 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALERO ENERGY CORP/TX (VLO)
CIK: 0001035002
Period of Report: 2016-11-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-02	Common Stock, $.01 par value	A	13410	—	Acquired	197263	Direct
2016-11-02	Common Stock, $.01 par value	F	5626	$58.935	Disposed	191637	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-02	Performance Shares	$	A	13410	Acquired	2020-01-31	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 191,637 amount does not include (a) 379.9099 shares indirectly owned by the reporting person in a thrift plan, or (b) 230 shares held by the reporting person's spouse.

F4: The performance shares vest annually in one-third increments beginning in January 2018 and are payable in shares of common stock in amounts ranging from zero to 200 percent of the performance shares.