VALVOLINE INC — Director's Dealing 2018

Nov 21, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALVOLINE INC (VVV)
CIK: 0001674910
Period of Report: 2018-11-19

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-19	Units	$	A	35680	Acquired		Common Stock (35680.0)	Direct
2018-11-19	Stock Appreciation Right	$20.37	A	132930	Acquired	2028-11-19	Common Stock (132930.0)	Direct

Footnotes

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

F2: The restricted stock 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 the first anniversary of the grant date and 25% vest on each of the second and third anniversaries of the grant date.