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: Moughler Craig A. (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-16	Common Stock	M	1215	—	Acquired	19332	Direct
2018-11-16	Common Stock	F	384	$20.41	Disposed	18948	Direct
2018-11-16	Common Stock	M	669	—	Acquired	19617	Direct
2018-11-16	Common Stock	F	212	$20.41	Disposed	19405	Direct
2018-11-16	Common Stock	M	1256	—	Acquired	20661	Direct
2018-11-16	Common Stock	F	397	$20.41	Disposed	20264	Direct
2018-11-16	Common Stock	M	733	—	Acquired	20997	Direct
2018-11-16	Common Stock	F	232	$20.41	Disposed	20765	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	733	Disposed		Common Stock (733.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9367	Indirect

Footnotes

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

F2: 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.

F3: Earned performance stock units vest on the third anniversary of the grant date.

F4: The restricted stock units vest one-third on each anniversary following the grant date.