Valaris Ltd — Director's Dealing 2012

Jun 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ensco plc (ESV)
CIK: 0000314808
Period of Report: 2012-06-01

Reporting Person: RODRIGUEZ RITA M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-01	Class A Ordinary Shares	M	1412	—	Acquired	19156	Direct
2012-06-01	Class A Ordinary Shares	F	1265	$44.19	Disposed	17891	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-01	Restricted Share Units	$	M	1412	Disposed		Class A Ordinary Shares (1412)	Direct
2012-06-01	Restricted Share Units	$	A	5205	Acquired		Class A Ordinary Shares (5205)	Direct

Footnotes

F1: Upon the vesting of our restricted share units, the reporting person is required to pay the aggregate nominal value (par value), $0.10 per share, of our Class A ordinary shares actually issued, in accordance with U.K. corporate law. In connection with the transaction reported above, the reporting person paid $98.50 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 427 shares were withheld and not issued to satisfy certain tax withholding obligations.

F2: Total amount has been reduced by 4,236. See footnote 4.

F3: These shares were withheld to satisfy tax withholding obligations that arose upon vesting.

F4: The initial grant of 4,236 restricted share units was originally reported in Table 1 of the reporting person's Form 4 filed on June 3, 2011.

F5: The restricted share units vest in three equal annual installments.

F6: Upon the vesting of our restricted share units, the reporting person is required to pay the aggregate nominal value (par value), $0.10 per share, of our Class A ordinary shares actually issued, in accordance with U.K. corporate law.