Valaris Ltd — Director's Dealing 2018

Jun 5, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ensco plc (ESV)
CIK: 0000314808
Period of Report: 2018-06-01

Reporting Person: Francis Mary (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-01	Class A Ordinary Shares	M	3562	—	Acquired	15409	Direct
2018-06-01	Class A Ordinary Shares	M	6909	—	Acquired	22318	Direct
2018-06-01	Class A Ordinary Shares	M	10549	—	Acquired	32867	Direct
2018-06-01	Class A Ordinary Shares	F	9461	$6.58	Disposed	23406	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-01	Restricted Share Units	$	A	30396	Acquired		Class A Ordinary Shares (30396.0)	Direct
2018-06-01	Restricted Share Units	$	M	3562	Disposed		Class A Ordinary Shares (3562.0)	Direct
2018-06-01	Restricted Share Units	$	M	6909	Disposed		Class A Ordinary Shares (6909.0)	Direct
2018-06-01	Restricted Share Units	$	M	10549	Disposed		Class A Ordinary Shares (10549.0)	Direct

Footnotes

F1: The restricted share units convert into Class A ordinary shares on a one-for-one basis upon vesting, and 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 $195.90 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 1,603 shares were withheld and not issued to satisfy certain tax withholding obligations.

F2: The restricted share units convert into Class A ordinary shares on a one-for-one basis upon vesting, and 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 $379.90 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 3,110 shares were withheld and not issued to satisfy certain tax withholding obligations.

F3: The restricted share units convert into Class A ordinary shares on a one-for-one basis upon vesting, and 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 $580.10 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 4,748 shares were withheld and not issued to satisfy certain tax withholding obligations.

F4: These shares were withheld upon vesting to enable the reporting person to satisfy tax withholding obligations that arose upon such vesting, which will be paid by the issuer to the appropriate taxing authority in cash.

F5: 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.

F6: On June 1, 2018, the reporting person was granted 30,396 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

F7: On June 1, 2015, the reporting person was granted 10,686 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

F8: On June 1, 2016, the reporting person was granted 20,727 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

F9: On June 1, 2017, the reporting person was granted 31,647 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.