VALERO ENERGY CORP/TX — Director's Dealing 2018

Nov 2, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALERO ENERGY CORP/TX (VLO)
CIK: 0001035002
Period of Report: 2018-10-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-10-31	Common Stock, $.01 par vaule	A	8380	—	Acquired	225763	Direct
2018-10-31	Common Stock, $.01 par value	F	3298	$92.42	Disposed	222465	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-10-31	Performance Shares	$	A	8380	Acquired	2022-01-31	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 222,465 amount does not include (a) 407.7256 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 2020, payable in shares of common stock in amounts ranging from zero to 200 percent of the performance shares, and the reporting person may designate to receive up to 50 percent of the vested shares, if any, in cash equivalent based on the vesting date value.