4 1 edgar.txt FORM 4 - 11/30/01 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person King, Gregory C. One Valero Place San Antonio, TX 78212 USA 2. Issuer Name and Ticker or Trading Symbol Valero Energy Corporation VLO 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year 11/30/01 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Executive Vice President and Chief Operating Officer 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person

___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Month |ect(I)| | ___________________________________________________________________________________________________________________________________| Common Stock ~~|10/22/|M | |2~~,~~937~~ ~~|A |~~$17.~~50 | | | | |~~01 |par valu| ~~| | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |10~~11/2209/|FG | V|~~2,008~~400 |D |~~$37.015~~ |35,~~618~~218 |D | | e |01 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | |1,~~845~~876.~~5203~~2861 |I |plans | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(I)| | ___________________________________________________________________________________________________________________________________| ~~Employee Stock Option~~ |~~$17.50~~ |~~10/22|M~~ | |~~4,167~~ |D |~~10/22|01/28|Common~~ ~~Stock~~|~~4,167~~ | |~~4,166~~ |D | | ~~(right to buy)~~ | |~~/01~~ | ~~| | | |/01 |/08 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | |~~ ___________________________________________________________________________________________________________________________________|

Explanation of Responses: SIGNATURE OF REPORTING PERSON J. Stephen Gilbert, as Attorney-in-Fact for Gregory C. King DATE 12/06/2001

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