Valaris Ltd — Director's Dealing 2014

Jun 4, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ensco plc (ESV)
CIK: 0000314808
Period of Report: 2014-06-02

Reporting Person: Trowell Carl (CEO & President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-02	Restricted Share Units	$	A	123786	Acquired		Class A Ordinary Shares (123786.0)	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.

F2: Of the reporting person's 123,786 restricted stock units, 47,610 restricted stock units vest at a rate of 33 1/3% per annum on the anniversary date of the grant over a three year period and 76,176 restricted stock units vest 100% on the third anniversary of the date of grant.