Sec Form 4 Filing - Moughler Craig A. @ VALVOLINE INC - 2019-11-07

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Moughler Craig A. 2. Issuer Name and Ticker or Trading Symbol VALVOLINE INC [ VVV] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) SVP and CSCO (Last) (First) (Middle) 100 VALVOLINE WAY 3. Date of Earliest Transaction (MM/DD/YY) 11/07/2019 (Street) LEXINGTON, KY40509 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/07/2019 M( 1 ) 5,649 A $ 13.08 25,957 D Common Stock 11/07/2019 F( 1 ) 4,008 ( 2 ) D $ 22.74 21,949 D Common Stock 11/08/2019 S( 1 ) 1,641 D $ 22.91 24,114 ( 3 ) D Common Stock 5,543 ( 4 ) I By 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares FY 2013 Stock Appreciation Right $ 13.08 11/07/2019 M( 1 ) 5,649 ( 5 ) 12/14/2022 Common Stock 5,649 $ 13.08 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Moughler Craig A. 100 VALVOLINE WAY LEXINGTON, KY40509 SVP and CSCO Signatures /s/ Ian C. Lofwall, Attorney-in-Fact 11/12/2019 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Transations were effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on August 20, 2019. ( 2 )Shares withheld by Valvoline to cover the exercise price and applicable withholding taxes on the Reporting Person's exercise of stock appreciation rights. ( 3 )Since the date of the reporting person's last report, 3,806 shares previously owned through the Valvoline 401(k) Plan were rolled over into a self-directed IRA and therefore are now owned directly. ( 4 )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 November 8, 2019. ( 5 )50% of the stock appreciation rights vested on the first anniversary of the grant date and 25% vested on each of the second and third anniversaries of the grant 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 4(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).

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