Valaris Ltd — Director's Dealing 2020

Mar 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Valaris plc (VAL)
CIK: 0000314808
Period of Report: 2020-02-27

Reporting Person: Burke Thomas Peter (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-27	Class A Ordinary Shares	F	12011	$3.05	Disposed	740716	Direct
2020-03-01	Class A Ordinary Shares	F	3650	$3.69	Disposed	737066	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-27	Restricted Share Units	$	A	466704	Acquired		Class A Ordinary Shares (466704.0)	Direct

Footnotes

F1: These shares were withheld upon vesting of restricted share units 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: Includes 429,361 restricted share units held by the reporting person.

F3: Includes 420,087 restricted share units held by the reporting person.

F4: Each restricted share unit represents the economic equivalent of one Valaris Class A ordinary share. The restricted share units vest in three equal annual installments beginning on the first anniversary of the grant date.

F5: On February 27, 2020, the reporting person was granted 466,704 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.