0000950157-17-000822.txt : 20170605 0000950157-17-000822.hdr.sgml : 20170605 20170605204116 ACCESSION NUMBER: 0000950157-17-000822 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170601 FILED AS OF DATE: 20170605 DATE AS OF CHANGE: 20170605 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: VALVOLINE INC CENTRAL INDEX KEY: 0001674910 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS PRODUCTS OF PETROLEUM & COAL [2990] IRS NUMBER: 300939371 FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 100 VALVOLINE WAY CITY: LEXINGTON STATE: KY ZIP: 40509 BUSINESS PHONE: 859-357-2591 MAIL ADDRESS: STREET 1: 100 VALVOLINE WAY CITY: LEXINGTON STATE: KY ZIP: 40509 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MITCHELL SAMUEL J CENTRAL INDEX KEY: 0001166068 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37884 FILM NUMBER: 17892850 MAIL ADDRESS: STREET 1: 3499 BLAZER PARKWAY CITY: LEXINGTON STATE: KY ZIP: 40509 4 1 form4.xml X0306 4 2017-06-01 0001674910 VALVOLINE INC VVV 0001166068 MITCHELL SAMUEL J 100 VALVOLINE WAY LEXINGTON KY 40509 true true Chief Executive Officer Unit 2017-06-01 4 A 0 188018.64 A Common Stock 188018.64 188018.64 D Each unit represents a contingent right to receive one share of Valvoline Inc. ("Valvoline") common stock upon distribution. Subject to the terms and requirements of the Valvoline 2016 Deferred Compensation Plan for Employees (the "Plan"), the reporting person may elect to transfer certain units held within the Plan to another hypothetical investment alternative. Shares of Valvoline common stock become payable in respect of the units upon the event of an unforeseeable emergency (as defined in the Plan) or the reporting person's death, disability or separation from service, in accordance with the terms of the Plan. The reporting person may elect to transfer certain units held within the Plan to another hypothetical investment alternative at any time. Ashland Global Holdings Inc. ("Ashland") distributed to its stockholders on May 12, 2017 (the "Distribution Date") 170,000,000 shares of Valvoline common stock as a pro rata dividend (the "Distribution"). Pursuant to the terms of the Employee Matters Agreement entered into between Ashland and Valvoline dated September 22, 2016, each of the reporting person's 34,945.137 outstanding units of Ashland was converted into the number of units of Valvoline obtained by dividing (a) the closing price of Ashland common stock on the Distribution Date by (b) the simple arithmetic average of the volume-weighted average price of Valvoline common stock for each of the ten consecutive trading days immediately following the Distribution Date. /s/ Issa O. Yesufu, Attorney-in-Fact 2017-06-05