X0306 4 2017-06-01 1 0000102741 VALSPAR CORP VAL 0001362587 Friendly Ian R P.O. BOX 1461 MINNEAPOLIS MN 55440 1 0 0 0 Common Stock 2017-06-01 4 D 0 2506 113.00 D 0 D Stock Options 21.97 2017-06-01 4 D 0 12500 D 2019-06-17 Common Stock 12500 0 D Stock Options 26.37 2017-06-01 4 D 0 5250 D 2019-10-21 Common Stock 5250 0 D Pursuant to that certain Agreement and Plan of Merger by and between The Valspar Corporation, The Sherwin-Williams Company ("Sherwin-Williams") and Viking Merger Sub Inc., a wholly owned subsidiary of Sherwin-Williams, each outstanding option was cancelled in exchange for a cash payment equal to the product of (i) the number of shares subject to such option and (ii) the excess of $113.00 over the exercise price of the option. All of such options are fully vested. /s/ Tim Beastrom, by Power of Attorney 2017-06-05