Muashsher Jamal K Form 3 VALVOLINE / Jamal K Muashsher ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Muashsher Jamal K

(Last)

(First)

(Middle)

100 VALVOLINE WAY

(Street)

LEXINGTON

40509

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2019

3. Issuer Name and Ticker or Trading Symbol
VALVOLINE INC [ VVV ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP, International

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,515	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
FY 2017 Stock Appreciation Right	⁽¹⁾	12/16/2026	Common Stock	8,877	20.29	D
FY 2016 Stock Appreciation Right	⁽²⁾	12/18/2025	Common Stock	4,842	20.8	D
FY 2015 Stock Appreciation Right	⁽³⁾	12/12/2024	Common Stock	2,959	20.99	D
Units	⁽⁴⁾	⁽⁴⁾	Common Stock	1,779	⁽⁵⁾	D
Units	⁽⁶⁾	⁽⁶⁾	Common Stock	6,454	⁽⁵⁾	D
Units	⁽⁷⁾	⁽⁷⁾	Common Stock	1,004	⁽⁵⁾	D
Units	⁽⁸⁾	⁽⁸⁾	Common Stock	102	⁽⁵⁾	D
Units	⁽⁹⁾	⁽⁹⁾	Common Stock	557	⁽⁵⁾	D

Explanation of Responses:

1. The stock appreciation rights granted on November 16, 2016 vested 50% on November 16, 2017, 25% on November 16, 2018 and the remaining 25% will vest on November 16, 2019.

2. The stock appreciation rights granted on November 18, 2015 are fully exercisable.

3. The stock appreciation rights granted on November 12, 2014 are fully exercisable.

4. The restricted stock units granted on November 19, 2018 vest in three equal annual installments beginning on the first anniversary of the grant date.

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

6. The restricted stock units granted on November 13, 2017 vest in full on November 13, 2020.

7. The restricted stock units granted on November 13, 2017 vest in three equal annual installments beginning on the first anniversary of the grant date.

8. The restricted stock units granted on September 14, 2017 vest in full on September 14, 2019.

9. The restricted stock units granted on November 16, 2016 vest in three equal annual installments beginning on the first anniversary of the grant date.

Remarks:

	/s/ Ian C. Lofwall, Attorney-in-Fact	03/25/2019
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Muashsher Jamal K Form 3VALVOLINE / Jamal K Muashsher ownership change