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: Moughler Craig A. (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-16	Common Stock	M	723	—	Acquired	17421	Direct
2017-11-16	Common Stock	F	258	$24.87	Disposed	17163	Direct
2017-11-17	Common Stock	M	638	—	Acquired	17801	Direct
2017-11-17	Common Stock	F	228	$24.47	Disposed	17573	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-16	Restricted Stock Unit	$	M	723	Disposed		Common Stock (723)	Direct
2017-11-17	Restricted Stock Unit	$	M	638	Disposed		Common Stock (638)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6560	Indirect

Footnotes

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

F2: As of the close of business on November 17, 2017, the Reporting Person had acquired approximately 6,560 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).

F3: These restricted stock units vest one-third on each anniversary following the grant date.