Valaris Ltd — Director's Dealing 2016

Jun 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ensco plc (ESV)
CIK: 0000314808
Period of Report: 2016-06-01

Reporting Person: GAUT C CHRISTOPHER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-01	Class A Ordinary Shares	M	3562	—	Acquired	36256	Direct
2016-06-01	Class A Ordinary Shares	F	891	$9.65	Disposed	35365	Direct
2016-06-02	Class A Ordinary Shares	M	1587	—	Acquired	36952	Direct
2016-06-02	Class A Ordinary Shares	F	561	$9.38	Disposed	36391	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-01	Restricted Share Units	$	A	20727	Acquired		Class A Ordinary Shares (20727.0)	Direct
2016-06-01	Restricted Share Units	$	M	3562	Disposed		Class A Ordinary Shares (3562.0)	Direct
2016-06-02	Restricted Share Units	$	M	1587	Disposed		Class A Ordinary Shares (1587.0)	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 $267.10 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 891 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 $102.60 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 561 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, 2015, the reporting person was granted 10,686 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.