VALERO ENERGY CORP/TX — Director's Dealing 2017

May 9, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALERO ENERGY CORP/TX (VLO)
CIK: 0001035002
Period of Report: 2017-05-05

Reporting Person: Riggs R. Lane (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-05	Common Stock, $.01 par value	M	11770	$24.582	Acquired	142035	Direct
2017-05-05	Common Stock, $.01 par value	S	11770	$65.15	Disposed	130265	Direct
2017-05-05	Common Stock, $.01 par value	M	7789	$27.318	Acquired	138054	Direct
2017-05-05	Common Stock, $.01 par value	S	7789	$65.15	Disposed	130265	Direct
2017-05-05	Common Stock, $.01 par value	M	6630	$39.665	Acquired	136895	Direct
2017-05-05	Common Stock, $.01 par value	S	6630	$65.15	Disposed	132265	Direct
2017-05-05	Common Stock, $.01 par value	M	5333	$48.565	Acquired	135598	Direct
2017-05-05	Common Stock, $.01 par value	S	5333	$65.15	Disposed	130265	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-05	Employee Stock Option (right to buy)	$24.82	M	11770	Disposed	2021-10-28	Common Stock (11770)	Direct
2017-05-05	Employee Stock Option (right to buy)	$27.318	M	7789	Disposed	2022-11-09	Common Stock (7789)	Direct
2017-05-05	Employee Stock Option (right to buy)	$39.665	M	6630	Disposed	2023-11-08	Common Stock (6630)	Direct
2017-05-05	Employee Stock Option (right to buy)	$48.565	M	5333	Disposed	2024-10-23	Common Stock (5333)	Direct