SEC Form 4 · accession 0001209191-18-007959
Noble Corp plc · NE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Julie J Robertson
Officer — Chairman, President and CEO · Director
Period of report
Feb 2, 2018
Accepted (ET)
Feb 6, 2018 · 6:05 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, 2018 | A | 54,927 | $0.00 | A | 935,226 | D | |
| Shares | Feb 2, 2018 | F | 13,314 | $4.66 | D | 921,912 | D | |
| Shares | Feb 3, 2018 | A | 54,028 | $0.00 | A | 975,940 | D | |
| Shares | Feb 3, 2018 | F | 13,156 | $4.66 | D | 962,784 | 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 | $0.00 | Feb 2, 2018 | D | 137,318 | D | — | — | Shares | 137,318 | 0 | D |
| Performance Vested Restricted Stock UnitsF2 | $0.00 | Feb 2, 2018 | A | 858,370 | A | — | — | Shares | 858,370 | 858,370 | D |
| Restricted Stock UnitsF3,F4 | $0.00 | Feb 2, 2018 | A | 429,185 | A | — | — | Shares | 429,185 | 429,185 | D |
| Restricted Stock UnitsF5,F6 | $0.00 | Feb 3, 2018 | D | 54,028 | D | — | — | Shares | 54,028 | 108,058 | D |
Explanation of responses
- F1Represents performance based restricted share units awarded on January 29, 2015 relating to a three-year performance cycle(2015-2017). Based on performance at the end of the performance cycle, 54,927 shares underlying this award vested and 82,391 shares underlying this award were forfeited.
- F2Each 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 (2018-2020) relative to a specified peer group.
- F3Each restricted stock unit represents a contingent right to receive one share.
- F4The restricted stock units vest and settle in two equal annual installments beginning on the first anniversary of the grant date.
- F5Represents the first of three vesting events for restricted stock units awarded on February 3, 2017.
- F6The restricted stock units vest and settle in three equal annual installments beginning on the first anniversary of the grant date.