VALVOLINE INC — Director's Dealing 2017

Jan 26, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALVOLINE INC (VVV)
CIK: 0001674910
Period of Report: 2017-01-24

Reporting Person: Macadam Stephen E. (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-24	Restricted Stock Units	$	A	4960	Acquired		Common Stock (4960)	Direct

Footnotes

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

F2: Represents annual award of Restricted Stock Units pursuant to Issuer's 2016 Deferred Compensation Plan for Non-Employee Directors, and exempt pursuant to Rule 16b-3.

F3: The Restricted Stock Units vest one year after date of grant.

F4: Subject to any deferral election on timing of distribution by the reporting person under the Plan, the reporting person may, prior to vesting, elect to receive the Restricted Stock Units in Common Stock or cash upon separation from service as a director.