Valaris Ltd — Director's Dealing 2019

Mar 7, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ensco plc (ESV)
CIK: 0000314808
Period of Report: 2019-03-05

Reporting Person: McGuinty Michael (SVP-General Counsel/Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-05	Class A Ordinary Shares	M	42827	—	Acquired	112916	Direct
2019-03-05	Class A Ordinary Shares	F	20129	$4.34	Disposed	92787	Direct
2019-03-06	Class A Ordinary Shares	M	20769	—	Acquired	113556	Direct
2019-03-06	Class A Ordinary Shares	F	9762	$4.22	Disposed	103794	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-05	Restricted Share Units	$	M	42827	Disposed		Class A Ordinary Shares (42827.0)	Direct
2019-03-06	Restricted Share Units	$	A	142182	Acquired		Class A Ordinary Shares (142182.0)	Direct
2019-03-06	Restricted Share Units	$	M	20769	Disposed		Class A Ordinary Shares (20769.0)	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: Each Restricted Share Unit represents the economic equivalent of one Ensco Class A ordinary share. The Restricted Share Units vest in three equal annual installments beginning on the first anniversary of the grant date.

F3: On March 5, 2018, the reporting person was granted 128,481 restricted share units, vesting in three equal installments beginning on the first anniversary of the grant date.

F4: On March 6, 2019, the reporting person was granted 142,182 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

F5: On March 6, 2017, the reporting person was granted 62,307 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.