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: 2016-06-02

Reporting Person: Trowell Carl (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-02	Class A Ordinary Shares	M	15870	—	Acquired	328800	Direct
2016-06-02	Class A Ordinary Shares	F	7459	$9.38	Disposed	321341	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-02	Restricted Share Units	$	M	15870	Disposed		Class A Ordinary Shares (15870.0)	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 $841.10 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 7,459 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: On June 2, 2014, the reporting person was granted 123,786 restricted share units, of which 47,610 restricted share 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 share units vest 100% on the third anniversary of the date of grant.