Valaris Ltd — Director's Dealing 2019

Mar 5, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ensco plc (ESV)
CIK: 0000314808
Period of Report: 2019-03-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-01	Class A Ordinary Shares	M	18861	—	Acquired	69256	Direct
2019-03-01	Class A Ordinary Shares	F	8865	$4.22	Disposed	60391	Direct
2019-03-03	Class A Ordinary Shares	M	18299	—	Acquired	78690	Direct
2019-03-03	Class A Ordinary Shares	F	8601	$4.22	Disposed	70089	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-01	Restricted Share Units	$	M	18861	Disposed		Class A Ordinary Shares (18861.0)	Direct
2019-03-03	Restricted Share Units	$	M	18299	Disposed		Class A Ordinary Shares (18299.0)	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: On March 1, 2016, the reporting person was granted 56,583 restricted share units, vesting in three equal installments beginning on the first anniversary of the grant date.

F3: On March 3, 2016, the reporting person was granted 54,897 restricted share units, vesting in three equal installments beginning on the first anniversary of the grant date.