VALERO ENERGY CORP/TX — Director's Dealing 2016

Jan 25, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALERO ENERGY CORP/TX (VLO)
CIK: 0001035002
Period of Report: 2016-01-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-21	Common Stock, $.01 par value	M	6698	—	Acquired	177567	Direct
2016-01-21	Common Stock, $.01 par value	M	5586	—	Acquired	183153	Direct
2016-01-21	Common Stock, $.01 par value	M	6277	—	Acquired	189430	Direct
2016-01-21	Common Stock, $.01 par value	F	5577	$64.115	Disposed	183853	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-21	Performance Shares	$	M	3349	Disposed	2016-01-21	Common Stock (6698)	Direct
2016-01-21	Performance Shares	$	M	2793	Disposed	2017-01-21	Common Stock (5586)	Direct
2016-01-21	Performance Shares	$	M	3057	Disposed	2018-01-21	Common Stock (6227)	Direct

Footnotes

F1: The 183,853 amount does not include (a) 368.0998 shares indirectly owned by the reporting person in a thrift plan, or (b) 230 shares held by the reporting person's spouse.

F2: Settlement of previously awarded performance shares at 200% of base shares.