VALERO ENERGY CORP

Ticker: VLO CUSIP: 91913Y100 Class: COM

TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA's Holding History (CIK: 0000315038)

Note: Option positions (PUT/CALL) are excluded.

Q4 2017

Shares 101,350 Value ($000) $9,316 Avg Close $59.68 Range $54.64 - $67.71

Q3 2017

Shares 101,180 Value ($000) $7,784 Avg Close $49.43 Range $46.27 - $56.03

Q2 2017

Shares 100,600 Value ($000) $6,786 Avg Close $46.03 Range $43.28 - $48.77

Q1 2017

Shares 100,600 Value ($000) $6,668 Avg Close $47.00 Range $45.00 - $49.86

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	101,350	$9,316	$59.68	$54.64 - $67.71
Q3 2017	101,180	$7,784	$49.43	$46.27 - $56.03
Q2 2017	100,600	$6,786	$46.03	$43.28 - $48.77
Q1 2017	100,600	$6,668	$47.00	$45.00 - $49.86