SEC Form 4 · accession 0000314808-16-000329
Valaris Ltd · VAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Robert W Edwards III
Officer — Vice President - Finance
Period of report
Jun 1, 2016
Accepted (ET)
Jun 3, 2016 · 4:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000314808
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Ordinary SharesF1,F2 | Jun 1, 2016 | F | 599 | $9.65 | D | 30,673 | D | |
| Class A Ordinary SharesF1 | Jun 2, 2016 | F | 209 | $9.38 | D | 30,464 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF3 | — | Jun 1, 2016 | A | 35,910 | A | — | — | Class A Ordinary Shares | 35,910 | 35,910 | D |
Explanation of responses
- F1These shares were withheld to satisfy tax withholding obligations that arose upon vesting.
- F2The reporting person previously reported the amount of securities beneficially owned as 31,431 shares in error, with the correct amount of securities beneficially owned being 31,272. The amount of securities beneficially owned by the reporting person has been adjusted by 159 shares to reflect the correct amount.
- F3Each Restricted Share Unit represents the economic equivalent of one Ensco Class A ordinary share and is settled in cash upon vesting. The Restricted Share Units vest in five equal annual installments beginning on the first anniversary of the grant date.