VALVOLINE INC — Director's Dealing 2017

Oct 11, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALVOLINE INC (VVV)
CIK: 0001674910
Period of Report: 2017-10-06

Reporting Person: MITCHELL SAMUEL J (Director, Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-10-06	Restricted Stock Unit	$	A	5643	Acquired		Common Stock (5643)	Direct
2017-10-06	Unit	$	A	151	Acquired		Common Stock (151)	Direct

Footnotes

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

F2: The Reporting Person held performance units for which performance was certified on the transaction date. Following the certification, the units remain outstanding as restricted stock units and are scheduled to vest upon the third anniversary of the grant date of the units (November 12, 2018), subject to the continued employment of the Reporting Person with Valvoline through such vesting date.

F3: Each unit represents a contingent right to receive one share of Valvoline common stock upon distribution.

F4: Shares of Valvoline common stock or cash become payable in respect of the units upon the event of an unforeseeable emergency (as defined in the Valvoline 2016 Deferred Compensation Plan for Employees (the "Plan")) or the Reporting Person's death, disability or separation from service, in accordance with the terms of the Plan.