SEC Form 4 · accession 0001209191-19-013110
Noble Corp plc · NE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adam C Peakes
Officer — Sr. VP - CFO
Period of report
Feb 21, 2019
Accepted (ET)
Feb 25, 2019 · 5:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001458891
Table I — non-derivative securities
No Table I lines on this filing.
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 21, 2019 | A | 405,366 | A | — | — | Shares | 405,366 | 405,366 | D |
| Restricted Stock UnitsF1,F3 | $0.00 | Feb 21, 2019 | A | 202,683 | A | — | — | Shares | 202,683 | 202,683 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share.
- F2Number of units shown represents the maximum number of shares that could be earned, which is equal to 200% of the number of units granted. Vesting occurs upon the company achieving total shareholder return and contract drilling margin goals over a three-year performance cycle (2019-2021) relative to a specified peer group.
- F3The restricted stock units vest and settle in three equal annual installments beginning on the first anniversary of the grant date.