Valaris Ltd — Director's Dealing 2019

Nov 5, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Valaris plc (VAL)
CIK: 0000314808
Period of Report: 2019-11-01

Reporting Person: Darby Tommy (Vice President & Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-01	Class A Ordinary Shares	M	106	—	Acquired	4867	Indirect
2019-11-01	Class A Ordinary Shares	F	26	$4.55	Disposed	4841	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-01	Restricted Share Units	$	M	106	Disposed		Class A Ordinary Shares (106.0)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Ordinary Shares	4208	Direct

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 November 1, 2018, an immediate family member of the reporting person was granted 531 restricted share units, vesting in five equal annual installments beginning on the first anniversary of the grant date. Each restricted share unit represents the economic equivalent of one Class A ordinary share of Valaris plc ("Valaris"). On April 11, 2019, Valaris effected a 1 for 4 reverse stock split. All share counts on this Form 4 are represented on a post-split basis.