SEC Form 4 · accession 0001209191-16-095059
Noble Corp plc · NE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bernie G. Wolford
Officer — Sr. VP-Operations
Period of report
Jan 29, 2016
Accepted (ET)
Feb 2, 2016 · 8:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001458891
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Shares | Feb 1, 2016 | A | 8,339 | $0.00 | A | 97,830 | D | |
| Shares | Feb 1, 2016 | F | 2,274 | $7.395 | D | 95,556 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Jan 29, 2016 | A | 104,918 | A | — | — | Shares | 104,918 | 104,918 | D |
| Performance Vested Restricted Stock UnitsF3 | $0.00 | Jan 29, 2016 | A | 245,136 | A | — | — | Shares | 245,136 | 245,136 | D |
| Restricted Stock UnitsF4,F5,F2 | $0.00 | Feb 1, 2016 | D | 8,339 | D | — | — | Shares | 8,339 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share.
- F2The restricted stock units vest and settle in three equal annual installments beginning on the first anniversary of the grant date.
- F3Each performance vested restricted stock unit represents a contingent right to receive one share. Performance vested restricted stock units vest upon the company achieving a total shareholder return over a three-year performance cycle (2016-2018) relative to a specified peer group.
- F4Represents the last of three vesting events for restricted stock units awarded on February 1, 2013.
- F5Total share amount reflects an adjustment to outstanding awards as a result of the spin-off of Paragon Offshore plc. The number of shares awarded prior to the spin-off have been increased to provide awardee with substantially equivalent economic value after the spin-off.