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: Gerrald Thomas A. II (Senior VP, Core North America)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-20	Common Stock	S	1566	$20.385	Disposed	1643	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-19	Units	$	A	2820	Acquired		Common Stock (2820.0)	Direct
2018-11-19	Stock Appreciation Right	$20.37	A	10500	Acquired	2028-11-19	Common Stock (10500.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3142	Indirect

Footnotes

F1: Represents the approximate number of shares of Valvoline common stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline common stock as of the close of business on Novemeber 20, 2018.

F2: Each restricted stock unit represents a right to receive one share of Valvoline common stock.

F3: The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.

F4: 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.