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Valaris Ltd Director's Dealing 2013

May 21, 2013

31267_dirs_2013-05-21_08f652dd-8005-4f7a-b1c9-bdb50f5fc61f.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ensco plc (ESV)
CIK: 0000314808
Period of Report: 2013-05-17

Reporting Person: SWENT JAMES W III (Executive Vice President & CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2013-05-17 Class A Ordinary Shares M 11844 $41.29 Acquired 139517 Direct
2013-05-17 Class A Ordinary Shares M 12268 $34.45 Acquired 151785 Direct
2013-05-17 Class A Ordinary Shares M 7020 $55.34 Acquired 158805 Direct
2013-05-17 Class A Ordinary Shares S 31132 $62.04 Disposed 127673 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2013-05-17 Employee Stock Option (Right to Buy) $41.29 M 11844 Disposed 2016-06-01 Class A Ordinary Shares (11844.0) Direct
2013-05-17 Employee Stock Option (Right to Buy) $34.45 M 12268 Disposed 2017-06-01 Class A Ordinary Shares (12268.0) Direct
2013-05-17 Employee Stock Option (Right to Buy) $55.34 M 7020 Disposed 2018-03-01 Class A Ordinary Shares (7020.0) Direct

Footnotes

F1: The transaction was executed in multiple trades at prices ranging from $62.00 to $62.13. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: The options became exercisable in 3 equal annual installments beginning on June 1, 2010.

F3: The options became exercisable in 3 equal annual installments beginning on June 1, 2011.

F4: The options became exercisable in 3 equal annual installments beginning on March 2, 2012.