Valaris Ltd — Director's Dealing 2017

Jun 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ensco plc (ESV)
CIK: 0000314808
Period of Report: 2017-06-01

Reporting Person: Edwards Robert W III (Vice President - Finance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-01	Class A Ordinary Shares	M	7182	—	Acquired	36602	Direct
2017-06-01	Class A Ordinary Shares	D	7182	$6.32	Disposed	29420	Direct
2017-06-01	Class A Ordinary Shares	F	520	$6.32	Disposed	28900	Direct
2017-06-02	Class A Ordinary Shares	F	209	$6.14	Disposed	28691	Direct
2017-06-03	Class A Ordinary Shares	F	159	$6.14	Disposed	28532	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-01	Restricted Share Units	$	A	54830	Acquired		Class A Ordinary Shares (54830.0)	Direct
2017-06-01	Restricted Share Units	$	M	7182	Disposed		Class A Ordinary Shares (7182.0)	Direct

Footnotes

F1: Each Restricted Share Unit represents the economic equivalent of one Ensco Class A ordinary share and is settled in cash upon vesting. On June 1, 2016, the reporting person was granted 35,910 restricted share units, vesting in five equal annual installments beginning on the first anniversary of the grant date.

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

F3: Each Restricted Share Unit represents the economic equivalent of one Ensco Class A ordinary share and is settled in cash upon vesting. The Restricted Share Units vest in five equal annual installments beginning on the first anniversary of the grant date.