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Valaris Ltd — Director's Dealing 2017
Mar 8, 2017
31267_dirs_2017-03-08_df4528a5-16c9-4064-9bcf-b153a782aa7c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Ensco plc (ESV)
CIK: 0000314808
Period of Report: 2017-03-06
Reporting Person: Knowlton John Stokes (Sr. Vice President - Technical)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-06 | Class A Ordinary Shares | A | 62307 | — | Acquired | 140726 | Direct |
| 2017-03-06 | Class A Ordinary Shares | A | 4261 | — | Acquired | 144987 | Direct |
| 2017-03-06 | Class A Ordinary Shares | F | 2361 | $9.63 | Disposed | 142626 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Ordinary Shares | 193 | Indirect |
Footnotes
F1: On March 6, 2017, the reporting person was granted 62,307 restricted shares, vesting in three equal annual installments beginning on the first anniversary of the grant date.
F2: Shares earned under performance unit awards for 2014-2016 performance period.
F3: The reporting person disposed of these shares to an affiliate of the issuer upon the vesting of previously awarded restricted shares. The purpose of the disposition was to enable the reporting person to satisfy tax withholding obligations that arose upon such vesting, which will be paid by the issuer to the Internal Revenue Service in cash.