VALVOLINE INC — Director's Dealing 2018

Nov 20, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALVOLINE INC (VVV)
CIK: 0001674910
Period of Report: 2018-11-16

Reporting Person: Puckett Anthony R. (President, Quick Lubes)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-16	Common Stock	M	1215	—	Acquired	3298	Direct
2018-11-16	Common Stock	F	384	$20.41	Disposed	2914	Direct
2018-11-16	Common Stock	M	669	—	Acquired	3583	Direct
2018-11-16	Common Stock	F	212	$20.41	Disposed	3371	Direct
2018-11-16	Common Stock	M	1256	—	Acquired	4627	Direct
2018-11-16	Common Stock	F	397	$20.41	Disposed	4230	Direct
2018-11-16	Common Stock	M	645	—	Acquired	4875	Direct
2018-11-16	Common Stock	F	204	$20.41	Disposed	4671	Direct
2018-11-19	Common Stock	S	2588	$20.32	Disposed	2083	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-16	Units	$	M	1215	Disposed		Common Stock (1215.0)	Direct
2018-11-16	Units	$	M	669	Disposed		Common Stock (669.0)	Direct
2018-11-16	Units	$	M	1256	Disposed		Common Stock (1256.0)	Direct
2018-11-16	Units	$	M	645	Disposed		Common Stock (645.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7702	Indirect

Footnotes

F1: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

F2: Shares were sold pursant to a Rule 10b5-1 Plan adopted by the reporting person on May 21, 2018.

F3: 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 16, 2018.

F4: Earned performance stock units vest on the third anniversary of the grant date.

F5: The restricted stock units vest one-third on each anniversary following the grant date.