Valaris Ltd — Director's Dealing 2015

Jun 3, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ensco plc (ESV)
CIK: 0000314808
Period of Report: 2015-06-01

Reporting Person: KALMAN FRANCIS S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-01	Class A Ordinary Shares	M	1735	—	Acquired	24135	Direct
2015-06-01	Class A Ordinary Shares	F	179	$23.40	Disposed	23956	Direct
2015-06-02	Class A Ordinary Shares	M	1587	—	Acquired	25543	Direct
2015-06-02	Class A Ordinary Shares	F	164	$24.46	Disposed	25379	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-01	Restricted Share Units	$	A	10686	Acquired		Class A Ordinary Shares (10686.0)	Direct
2015-06-01	Restricted Share Units	$	M	1735	Disposed		Class A Ordinary Shares (1735.0)	Direct
2015-06-02	Restricted Share Units	$	M	1587	Disposed		Class A Ordinary Shares (1587.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Ordinary Shares	115	Indirect

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 $155.60 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 179 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. In connection with the transaction reported above, the reporting person paid $142.30 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 164 shares were withheld and not issued to satisfy certain tax withholding obligations.

F4: 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.

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

F6: On June 1, 2012, the reporting person was granted 5,205 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

F7: On June 2, 2014, the reporting person was granted 4,761 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.