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: 2017-06-02

Reporting Person: Trowell Carl (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-02	Class A Ordinary Shares	M	92046	—	Acquired	632951	Direct
2017-06-02	Class A Ordinary Shares	F	43262	$6.14	Disposed	589689	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-02	Restricted Share Units	$	M	92046	Disposed		Class A Ordinary Shares (92046.0)	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 $4,878.40 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 43,262 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.