Valaris Ltd — Director's Dealing 2016

Mar 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ensco plc (ESV)
CIK: 0000314808
Period of Report: 2016-03-01

Reporting Person: Knowlton John Stokes (Sr. Vice President - Technical)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-01	Class A Ordinary Shares	M	6981	—	Acquired	30108	Direct
2016-03-01	Class A Ordinary Shares	F	4530	$8.66	Disposed	25578	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-01	Restricted Share Units	$	M	6981	Disposed		Class A Ordinary Shares (6981.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Ordinary Shares	191	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 $463.80 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 2343 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: The restricted share units vest in three equal annual installments.