Valaris Ltd — Director's Dealing 2021

Jul 21, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Valaris Ltd (VAL)
CIK: 0000314808
Period of Report: 2021-07-19

Reporting Person: Quintero Alan (SVP-Business Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-19	Common Shares	A	29424	—	Acquired	29424	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-19	Performance Share Units	$	A	123574	Acquired		Common Shares (123574.0)	Direct

Footnotes

F1: Consists of a one-time grant of 29,424 restricted stock units, which will vest ratably in three installments on each of the first three anniversaries of the date of grant, with settlement of all vested restricted stock units generally deferred until the third anniversary of the date of grant.

F2: Consists of a one-time grant of up to 123,574 share price based performance share units, of which 41,191 will vest upon the Company's achievement of a $45 closing share price, 41,191 will vest upon the Company's achievement of a $55 closing share price, and 41,192 will vest upon the Company's achievement of a $75 closing share price, in each case held for at least 90 consecutive trading days