VALVOLINE INC — Director's Dealing 2019

Nov 19, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALVOLINE INC (VVV)
CIK: 0001674910
Period of Report: 2019-11-14

Reporting Person: Meixelsperger Mary E (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-15	Common Stock	M	3009	—	Acquired	37776	Direct
2019-11-15	Common Stock	F	951	$23.05	Disposed	36825	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-14	FY 2020 Restricted Stock Units	$	A	8750	Acquired		Common Stock (8750.0)	Direct
2019-11-14	FY 2020 Stock Appreciation Rights	$23.01	A	37700	Acquired	2029-11-14	Common Stock (37700.0)	Direct
2019-11-15	Units	$	M	3009	Disposed		Common Stock (0.0)	Direct

Footnotes

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

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.