VALVOLINE INC — Director's Dealing 2017

Nov 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALVOLINE INC (VVV)
CIK: 0001674910
Period of Report: 2017-11-13

Reporting Person: Matheys Heidi J. (Chief Marketing Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-13	Restricted Stock Unit	$	A	2100	Acquired		Common Stock (2100)	Direct
2017-11-13	Stock Appreciation Right	$23.08	A	9000	Acquired	2027-11-13	Common Stock (9000)	Direct

Footnotes

F1: Each restricted stock unit represents a right to receive one share of Valvoline common stock.

F2: The restricted stocks units vest in three equal annual installments beginning on the first anniversary of the grant date.

F3: Fifty percent (50%) of the stock appreciation rights vest on November 13, 2018, twenty-five percent (25%) of the stock appreciation rights vest on November 13, 2019 and twenty-five percent (25%) of the stock appreciation rights vest on November 13, 2020.