Valaris Ltd — Director's Dealing 2021

Jun 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Valaris Ltd (VAL)
CIK: 0000314808
Period of Report: 2021-06-15

Reporting Person: Goldschmid Joseph (Director, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-15	Common Shares	A	22023	—	Acquired	22023	Direct

Footnotes

F1: Consists of a one-time grant of 14,823 restricted stock units and an annual equity retainer of 7,200 restricted stock units. The one-time grant was awarded in connection with the Issuer's emergence from chapter 11 to Mr. Joseph Goldschmid ("Mr. Goldschmid"), an employee of Oak Hill Advisors, L.P. ("OHA") and a member of the board of directors of the Issuer. These restricted stock units will vest ratably in three installments on each of the first three anniversaries of the date of grant. The 7,200 restricted stock units, representing the recipient's annual equity retainer, will vest in full on the earlier of the first anniversary of the date of grant or the next annual meeting of the Issuer's shareholders.

F2: Pursuant to the policies of OHA, the restricted stock units received by Mr. Goldschmid are held for the benefit of certain clients of OHA.