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: Darby Tommy (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-01	Class A Ordinary Shares	F	351	$6.58	Disposed	12605	Direct
2018-06-01	Class A Ordinary Shares	M	3627	—	Acquired	16232	Direct
2018-06-01	Class A Ordinary Shares	D	3627	$6.58	Disposed	12605	Direct
2018-06-01	Class A Ordinary Shares	M	6369	—	Acquired	18974	Direct
2018-06-01	Class A Ordinary Shares	D	6369	$6.58	Disposed	12605	Direct
2018-06-01	Class A Ordinary Shares	M	3317	—	Acquired	20522	Indirect
2018-06-01	Class A Ordinary Shares	D	3317	$6.58	Disposed	17205	Indirect
2018-06-01	Class A Ordinary Shares	M	5064	—	Acquired	22269	Indirect
2018-06-01	Class A Ordinary Shares	D	5064	$6.58	Disposed	17205	Indirect
2018-06-02	Class A Ordinary Shares	F	72	$6.58	Disposed	12533	Direct
2018-06-03	Class A Ordinary Shares	F	69	$6.58	Disposed	12464	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-01	Restricted Share Units	$	A	33245	Acquired		Class A Ordinary Shares (33245.0)	Direct
2018-06-01	Restricted Share Units	$	M	3627	Disposed		Class A Ordinary Shares (3627.0)	Direct
2018-06-01	Restricted Share Units	$	M	6369	Disposed		Class A Ordinary Shares (6369.0)	Direct
2018-06-01	Restricted Share Units	$	A	24320	Acquired		Class A Ordinary Shares (24320.0)	Indirect
2018-06-01	Restricted Share Units	$	M	3317	Disposed		Class A Ordinary Shares (3317.0)	Indirect
2018-06-01	Restricted Share Units	$	M	5064	Disposed		Class A Ordinary Shares (5064.0)	Indirect

Footnotes

F1: 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.

F2: On June 1, 2016, the reporting person was granted 18,135 restricted share units. 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.

F3: On June 1, 2017, the reporting person was granted 31,845 restricted share units. 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.

F4: On June 1, 2016, an immediate family member of the reporting person was granted 16,585 restricted share units. 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.

F5: On June 1, 2017, an immediate family member of the reporting person was granted 25,320 restricted share units. 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.

F6: The Restricted Share Units vest in five equal annual installments beginning on the first anniversary of the grant date.

F7: On June 1, 2018, the reporting person was granted 33,245 restricted share units, vesting in five equal annual installments beginning on the first anniversary of the grant date.

F8: On June 1, 2018, an immediate family member of the reporting person was granted 24,320 restricted share units, vesting in five equal annual installments beginning on the first anniversary of the grant date.