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

SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*  

Valvoline Inc.
(Name of Issuer)
Common stock, par value $0.01 per share
(Title of Class of Securities)
92047W 101
(CUSIP Number)
May 12, 2017
Date of Event Which Requires Filing of the Statement

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
 
*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.	
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 
 	 	 	 	 	 	 	
  1. 	 	NAME OF REPORTING PERSONS.
 
Ashland Global Holdings Inc.
IRS Identification No. of Above Person: 81-2587835	
  2.	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a)   ☐         
(b)   ☐	
  3.	 	SEC USE ONLY
 	
  4.	 	CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware	
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:	  	5. 	  	SOLE VOTING POWER
 
-0-	
	  	6.	  	SHARED VOTING POWER
 
-0-	
	  	7.	  	SOLE DISPOSITIVE POWER
 
-0-	
	  	8.	  	SHARED DISPOSITIVE POWER
 
-0-	
  9.	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
-0-	
10.	 	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
☐	
11.	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.0%	
12.	 	TYPE OF REPORTING PERSON
 
CO	

 
Item 1	(a) Name of Issuer	
Valvoline Inc.
(b) Address of Issuer’s Principal Executive Offices
100 Valvoline Way, Lexington, KY 40509
 
Item 2	(a) Name of Person Filing	
Ashland Global Holdings Inc.
(b) Address of Principal Business Office
50 E. RiverCenter Boulevard, Covington, KY 41011
(c) Citizenship
Delaware
(d) Title of Class of Securities
Common stock, par value $0.01 per share
(e) CUSIP Number
92047W 101
 
Item 3	If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:	
Not Applicable

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:            
Item 4	Ownership	
On May 12, the Reporting Person distributed, by means of a pro rata stock dividend, to its shareholders 170,000,000 shares of common stock of the Issuer owned by the Reporting Person.  As a result of the distribution, the Reporting Person is no longer the beneficial owner of any shares of the Issuer’s common stock.
Provide the following information regarding aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
0
(b) Percent of class:
0.0%
(c) Number of shares as to which such person has:
 
 	  (i)	Sole power to vote or to direct the vote	
0

 	  (ii)	Shared power to vote or to direct the vote	
0
 
 	  (iii)	Sole power to dispose or to direct the disposition of	
0
 
 	  (iv)	Shared power to dispose or to direct the disposition of	
0

Item 5	Ownership of Five Percent or Less of a Class	
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒.
 
Item 6	Ownership of More than Five Percent on Behalf of Another Person	
Not applicable.
 
Item 7	Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company	
Not applicable.
 
Item 8	Identification and Classification of Members of the Group	
Not applicable.
 
Item 9	Notice of Dissolution of Group	

Not applicable.
 
Item 10	Certification	
Not applicable.

SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
DATED: June 15, 2017
 
 	 	ASHLAND GLOBAL HOLDINGS INC.	

	By:	/s/ Peter J. Ganz	
 	 	Name: Peter J. Ganz	
 	 	Title: Senior Vice President, General Counsel and Secretary