SEC Form 4 · accession 0001209191-19-013129
Noble Corp plc · NE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Marks
Officer — Sr. VP-Engineering
Period of report
Feb 21, 2019
Accepted (ET)
Feb 25, 2019 · 5:42 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 21, 2019 | A | 41,366 | $0.00 | A | 240,677 | D | |
| SharesF1 | Feb 21, 2019 | F | 10,073 | $3.355 | D | 230,604 | 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 UnitsF2,F3 | $0.00 | Feb 21, 2019 | D | 137,888 | D | — | — | Shares | 137,888 | 0 | D |
| Performance Vested Restricted Stock UnitsF2,F4 | $0.00 | Feb 21, 2019 | A | 214,606 | A | — | — | Shares | 214,606 | 214,606 | D |
| Restricted Stock UnitsF2,F5 | $0.00 | Feb 21, 2019 | A | 107,303 | A | — | — | Shares | 107,303 | 107,303 | D |
Explanation of responses
- F1Amount forfeited for payment of tax.
- F2Each restricted stock unit represents a contingent right to receive one share.
- F3Represents performance based restricted share units awarded on January 29, 2016 relating to a three-year performance cycle (2016-2018). Based on performance at the end of the performance cycle, 41,366 shares underlying this award vested and 96,522 shares underlying this award were forfeited.
- F4Number 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.
- F5The restricted stock units vest and settle in three equal annual installments beginning on the first anniversary of the grant date.