Valaris Ltd — Director's Dealing 2020

Mar 9, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Valaris plc (VAL)
CIK: 0000314808
Period of Report: 2020-03-05

Reporting Person: Luca Gilles (Senior Vice President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-05	Class A Ordinary Shares	F	2650	$2.96	Disposed	87092	Direct
2020-03-06	Class A Ordinary Shares	M	13330	—	Acquired	100422	Direct
2020-03-06	Class A Ordinary Shares	F	4219	$2.32	Disposed	96203	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-06	Restricted Share Units	$	M	13330	Disposed		Class A Ordinary Shares (13330.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Ordinary Shares	750	Indirect

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 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. Each restricted share unit represents the economic equivalent of one Valaris Class A ordinary share. 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.