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: Lockwood Frances E. (SVP, Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-16	Common Stock	M	1215	—	Acquired	25691	Direct
2018-11-16	Common Stock	F	384	$20.41	Disposed	25307	Direct
2018-11-16	Common Stock	M	669	—	Acquired	25976	Direct
2018-11-16	Common Stock	F	212	$20.41	Disposed	25764	Direct
2018-11-16	Common Stock	M	1256	—	Acquired	27020	Direct
2018-11-16	Common Stock	F	397	$20.41	Disposed	26623	Direct
2018-11-16	Common Stock	M	645	—	Acquired	27268	Direct
2018-11-16	Common Stock	F	204	$20.41	Disposed	27064	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	12970	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.