A three-port control valve assembly comprising a valve body having two valve seats facing in a common direction and disposed along a central bore terminating in an exhaust port and communicating with a supply port and a common port. A pintle shaft connected to a solenoid actuator extends into the central bore. A first valve head mounted on the pintle shaft mates with the first valve seat to connect the supply port to the common port. While the solenoid is de-energized, supply pressure keeps the first valve closed. A second valve head mates with the second valve seat to connect the common port to the exhaust port. Opening of the first valve closes the second valve via supply oil pressure. When the first valve closes, the second valve is opened by a spring disposed between the second valve head and the exhaust port.