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Valaris Ltd — Director's Dealing 2018
Jun 5, 2018
31267_dirs_2018-06-05_6a0b281a-46cf-46d4-b7fa-1db63c29848c.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: 2018-06-01
Reporting Person: WEDEMEYER PHIL D (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-06-01 | Class A Ordinary Shares | M | 7933 | — | Acquired | 78956 | Direct |
| 2018-06-01 | Class A Ordinary Shares | F | 2404 | $6.58 | Disposed | 76552 | 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 | 7933 | Disposed | Class A Ordinary Shares (7933.0) | 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 $552.90 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 2,404 shares were withheld and not issued to satisfy certain tax withholding obligations.
F2: 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.
F3: 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.
F4: 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.
F5: On November 1, 2017, the reporting person was granted 23,799 restricted share units, vesting in three equal annual installments beginning on June 1, 2018.