SEC Form 4 · accession 0000314808-16-000282
Valaris Ltd · VAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Baksht
Officer — Senior Vice President & CFO
Period of report
Mar 3, 2016
Accepted (ET)
Mar 4, 2016 · 6:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000314808
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF1,F2 | — | Mar 3, 2016 | A | 54,897 | A | — | — | Class A Ordinary Shares | 54,897 | 54,897 | D |
Explanation of responses
- F1Upon the vesting of our restricted share units, the reporting person is required to pay the aggregate nominal value (par value), $0.10 per share, of our Class A ordinary shares actually issued, in accordance with U.K. corporate law.
- F2On March 3, 2016, the reporting person was granted 54,897 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.