VALVOLINE INC — Director's Dealing 2017

Nov 21, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALVOLINE INC (VVV)
CIK: 0001674910
Period of Report: 2017-11-16

Reporting Person: Puckett Anthony R. (President, Quick Lubes)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-16	Common Stock	M	631	—	Acquired	6192	Direct
2017-11-16	Common Stock	F	225	$24.87	Disposed	5967	Direct
2017-11-17	Common Stock	M	638	—	Acquired	6605	Direct
2017-11-17	Common Stock	F	228	$24.47	Disposed	6377	Direct
2017-11-20	Common Stock	S	4294	$24.33	Disposed	2083	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-16	Restricted Stock Unit	$	M	631	Disposed		Common Stock (631)	Direct
2017-11-17	Restricted Stock Unit	$	M	638	Disposed		Common Stock (638)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5184	Indirect

Footnotes

F1: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

F2: The price reported in Column 4 is a weighted average price. These shares of Valvoline common stock were sold in multiple transactions at prices ranging from $24.331 to $24.335 inclusive. Upon request, the Reporting Person will provide Valvoline, any security holder of Valvoline, or the Securities and Exchange Commission full information regarding the shares of Valvoline common stock sold at each separate price within the range set forth in this footnote.

F3: As of the close of business on November 17, 2017, the Reporting Person had acquired approximately 5,184 shares of Valvoline common stock under the Valvoline 401(k) Plan (based on the closing price of Valvoline common stock as of the close of business on November 17, 2017).

F4: These restricted stock units vest one-third on each anniversary following the grant date.