EXHIBIT 10.27
SCHEDULE OF STOCK OPTION AGREEMENTS
TYPE C (NON-EMPLOYEE DIRECTORS)
The following have executed Stock Option Agreements substantially in the form of
the agreement attached as Exhibit 10.27 (the "Exhibit") to the Valero Energy
Corporation Form 10-K for the year ended December 31, 2003.
E. Glenn Biggs Ruben M. Escobedo
W.E. Bradford Bob Marbut
Ronald K. Calgaard Susan Kaufman Purcell
Jerry D. Choate
The following information sets forth the material details in which the Stock
Option Agreements described in this Schedule differ from the Exhibit.
E. Glenn Biggs
<Table>
<Caption>
grant date number of shares exercise price vesting expiration
- ------------------- ------------------- -------------------- -------------------- ----------------
04-24-2003 2,000 $37.845 100% in 6 months 04-24-2013
05-09-2002 2,000 $41.12 100% in 6 months 05-09-2012
12-31-2001 5,000 $38.475 1/3 annually 12-31-2011
12-31-2001* 2,765 $32.14 fully vested 05-01-2011
12-31-2001* 2,765 $18.81 fully vested 05-02-2010
12-31-2001* 1,383 $17.31 fully vested 05-04-2009
12-31-2001* 1,383 $24.14 fully vested 05-05-2008
12-31-2001* 1,383 $22.96 fully vested 12-03-2006
12-31-2001* 2,115 $23.40 fully vested 05-07-2006
12-31-2001* 2,115 $19.23 fully vested 05-02-2005
</Table>
W.E. Bradford
<Table>
<Caption>
grant date number of shares exercise price vesting expiration
- ------------------- ------------------- -------------------- -------------------- ----------------
04-24-2003 2,000 $37.845 100% in 6 months 04-24-2013
05-09-2002 2,000 $41.12 100% in 6 months 05-09-2012
12-31-2001 5,000 $38.475 1/3 annually 12-31-2011
12-31-2001* 2,765 $32.14 fully vested 05-01-2011
12-31-2001* 2,765 $18.81 fully vested 05-02-2010
12-31-2001* 1,383 $17.31 fully vested 05-04-2009
12-31-2001* 1,383 $24.14 fully vested 05-05-2008
12-31-2001* 1,383 $22.96 fully vested 12-03-2006
12-31-2001* 2,115 $23.40 fully vested 05-07-2006
12-31-2001* 2,115 $19.23 fully vested 05-02-2005
</Table>
Ronald K. Calgaard
<Table>
<Caption>
grant date number of shares exercise price vesting expiration
- ------------------- ------------------- -------------------- -------------------- ----------------
04-24-2003 2,000 $37.845 100% in 6 months 04-24-2013
05-09-2002 2,000 $41.12 100% in 6 months 05-09-2012
05-10-2001 1,000 $49.05 100% in 6 months 05-10-2011
05-04-2000 1,000 $28.00 100% in 6 months 05-04-2010
04-29-1999 1,000 $22.59375 100% in 6 months 04-29-2009
04-30-1998 1,000 $32.5625 100% in 6 months 04-30-2008
02-16-1996 7,468 $16.404 1/3 annually 02-16-2006
</Table>
Jerry D. Choate
<Table>
<Caption>
grant date number of shares exercise price vesting expiration
- ------------------- ------------------- -------------------- -------------------- ----------------
04-24-2003 2,000 $37.845 100% in 6 months 04-24-2013
05-09-2002 2,000 $41.12 100% in 6 months 05-09-2012
05-10-2001 1,000 $49.05 100% in 6 months 05-10-2011
05-04-2000 1,000 $28.00 100% in 6 months 05-04-2010
11-18-1999 5,000 $22.34375 1/3 annually 11-18-2009
</Table>
Ruben M. Escobedo
<Table>
<Caption>
grant date number of shares exercise price vesting expiration
- ------------------- ------------------- -------------------- -------------------- ----------------
05-09-2002 2,000 $41.12 100% in 6 months 05-09-2012
05-10-2001 1,000 $49.05 100% in 6 months 05-10-2011
05-04-2000 1,000 $28.00 100% in 6 months 05-04-2010
04-29-1999 1,000 $22.59375 100% in 6 months 04-29-2009
04-30-1998 1,000 $32.5625 100% in 6 months 04-30-2008
</Table>
Bob Marbut
<Table>
<Caption>
grant date number of shares exercise price vesting expiration
- ------------------- ------------------- -------------------- -------------------- ----------------
04-24-2003 2,000 $37.845 100% in 6 months 04-24-2013
05-09-2002 2,000 $41.12 100% in 6 months 05-09-2012
12-31-2001 5,000 $38.475 1/3 annually 12-31-2011
12-31-2001* 2,765 $32.14 fully vested 05-01-2011
12-31-2001* 2,765 $18.81 fully vested 05-02-2010
12-31-2001* 1,383 $17.31 fully vested 05-04-2009
12-31-2001* 1,383 $24.14 fully vested 05-05-2008
12-31-2001* 1,383 $22.96 fully vested 12-03-2006
12-31-2001* 2,115 $23.40 fully vested 05-07-2006
12-31-2001* 2,115 $19.23 fully vested 05-02-2005
</Table>
Susan Kaufman Purcell
<Table>
<Caption>
grant date number of shares exercise price vesting expiration
- ------------------- ------------------- -------------------- -------------------- ----------------
04-24-2003 2,000 $37.845 100% in 6 months 04-24-2013
05-09-2002 2,000 $41.12 100% in 6 months 05-09-2012
05-10-2001 1,000 $49.05 100% in 6 months 05-10-2011
05-04-2000 1,000 $28.00 100% in 6 months 05-04-2010
04-29-1999 1,000 $22.59375 100% in 6 months 04-29-2009
04-30-1998 1,000 $32.5625 100% in 6 months 04-30-2008
04-30-1996 1,494 $19.2496 100% in 6 months 04-30-2006
07-25-1995 8,962 $15.2323 1/3 annually 07-25-2005
</Table>
* represents the conversion on 12-31-2001 of stock options to purchase shares
of common stock of Ultramar Diamond Shamrock Corporation into stock options
to purchase shares of common stock of Valero Energy Corporation.