VALVOLINE INC — Director's Dealing 2017

Nov 8, 2017

SEC Form 4/A — Form 4/A

Issuer: VALVOLINE INC (VVV)
CIK: 0001674910
Period of Report: 2017-06-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-06	Common Stock	A	604	—	Acquired	11195	Direct

Footnotes

F1: This amendment to the Statement of Beneficial Ownership of Securities on Form 4, filed with the Securities and Exchange Commission on June 8, 2017 (the "Original Form 4"), is being filed to correct the Original Form 4 filing to add 10,155 shares held directly by the Reporting Person that were inadvertently not included on the Original Form 4.

F2: Includes 640 shares of unvested restricted stock.

F3: Ashland Global Holdings Inc. ("Ashland") distributed to its stockholders on May 12, 2017 (the "Distribution Date") 170,000,000 shares of Valvoline Inc. ("Valvoline") common stock as a pro rata dividend (the "Distribution"). Pursuant to the terms of the Employee Matters Agreement entered into between Ashland and Valvoline dated September 22, 2016, the Reporting Person was entitled to receive the number of shares of restricted stock of Valvoline obtained by dividing (x) the closing price of Ashland common stock on the Distribution Date by (y) the simple arithmetic average of the volume-weighted average price of Valvoline common stock for each of the ten consecutive trading days immediately following the Distribution Date for each such share of restricted stock.