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Valaris Ltd — Director's Dealing 2021
Dec 10, 2021
31267_dirs_2021-12-10_43103d2c-819c-4322-81a7-71ee28469f14.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Valaris Ltd (VAL)
CIK: 0000314808
Period of Report: 2021-12-08
Reporting Person: Dibowitz Anton (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-12-08 | Common Shares | A | 103304 | — | Acquired | 121738 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-12-08 | Performance Share Units | $ | A | 511299 | Acquired | Common Shares (511299.0) | Direct |
Footnotes
F1: Consists of a one-time grant of 103,304 restricted stock units, which will vest ratably in three installments on each of the first three anniversaries of July 19, 2021, with settlement of all vested restricted stock units generally deferred until the third anniversary of July 19, 2021.
F2: Consists of a one-time grant of up to 511,299 share price based performance share units, of which 170,433 will vest upon the Company's achievement of a $45 closing share price, 170,433 will vest upon the Company's achievement of a $55 closing share price, and 170,433 will vest upon the Company's achievement of a $75 closing share price, in each case held for at least 90 consecutive trading days.