SEC Form 4 · accession 0001209191-17-008106
Noble Corp plc · NE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Simon Johnson
Officer — Sr. VP-Marketing & Contracts
Period of report
Feb 2, 2017
Accepted (ET)
Feb 6, 2017 · 6:31 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 2, 2017 | A | 15,213 | $0.00 | A | 84,312 | D | |
| Shares | Feb 2, 2017 | F | 4,145 | $6.885 | D | 80,167 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Vested Restricted Stock UnitsF1,F2 | $0.00 | Feb 2, 2017 | D | 30,218 | D | — | — | Shares | 30,218 | 0 | D |
| Performance Vested Restricted Stock UnitsF3 | $0.00 | Feb 3, 2017 | A | 169,134 | A | — | — | Shares | 169,134 | 169,134 | D |
| Restricted Stock UnitsF4,F5 | $0.00 | Feb 3, 2017 | A | 84,567 | A | — | — | Shares | 84,567 | 84,567 | D |
Explanation of responses
- F1Represents performance based restricted share units awarded on January 29, 2014 relating to a three-year performance cycle (2014-2016). Based on performance at the end of the performance cycle, 15,213 shares vested and 15,005 shares were forfeited.
- F2Total 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.
- F3Each performance vested restricted stock unit represents a contingent right to receive one share. Performance vested restricted stock units vest upon the company achieving total shareholder return and contract drilling margin goals over a three year performance cycle (2017-2019) relative to a specified peer group.
- F4Each restricted stock unit represents a contingent right to receive one share.
- F5The restricted stock units vest and settle in three equal annual installments beginning on the first anniversary of the grant date.