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: Francis Mary (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-03	Restricted Share Units	M	1378	—	Acquired	1378	Direct
2014-06-03	Restricted Share Units	F	621	$53.41	Disposed	757	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-02	Restricted Share Units	$	A	4761	Acquired		Class A Ordinary Shares (4761.0)	Direct
2014-06-03	Restricted Share Units	$	M	1378	Disposed		Class A Ordinary Shares (1378.0)	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. In connection with the transaction reported above, the reporting person paid $75.70 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 621 shares were withheld and not issued to satisfy certain tax withholding obligations.

F2: These shares were withheld to satisfy tax withholding obligations that arose upon vesting.

F3: 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.

F4: The restricted share units vest in three equal annual installments.