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: Baksht Jonathan (Senior Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-05	Class A Ordinary Shares	M	48180	—	Acquired	136391	Direct
2019-03-05	Class A Ordinary Shares	F	22814	$4.34	Disposed	113577	Direct
2019-03-06	Class A Ordinary Shares	M	23365	—	Acquired	136942	Direct
2019-03-06	Class A Ordinary Shares	F	11064	$4.22	Disposed	125878	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-05	Restricted Share Units	$	M	48180	Disposed		Class A Ordinary Shares (48180.0)	Direct
2019-03-06	Restricted Share Units	$	A	159954	Acquired		Class A Ordinary Shares (159954.0)	Direct
2019-03-06	Restricted Share Units	$	M	23365	Disposed		Class A Ordinary Shares (23365.0)	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 144,540 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.

F4: On March 6, 2019, the reporting person was granted 159,954 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 70,095 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.