SEC Form 4 · accession 0000314808-17-000077
Valaris Ltd · VAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roxanne J Decyk
Director
Period of report
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 6:05 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 | Jun 1, 2017 | M | 3,562 | — | A | 12,897 | D | |
| Class A Ordinary SharesF2 | Jun 1, 2017 | M | 6,909 | — | A | 19,806 | D | |
| Class A Ordinary SharesF3 | Jun 2, 2017 | M | 1,587 | — | A | 21,393 | 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 UnitsF4,F5 | — | Jun 1, 2017 | A | 31,647 | A | — | — | Class A Ordinary Shares | 31,647 | 31,647 | D |
| Restricted Share UnitsF1,F6 | — | Jun 1, 2017 | M | 3,562 | D | — | — | Class A Ordinary Shares | 3,562 | 3,562 | D |
| Restricted Share UnitsF2,F7 | — | Jun 1, 2017 | M | 6,909 | D | — | — | Class A Ordinary Shares | 6,909 | 13,818 | D |
| Restricted Share UnitsF3,F8 | — | Jun 2, 2017 | M | 1,587 | D | — | — | Class A Ordinary Shares | 1,587 | 0 | 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. In connection with the transaction reported above, the reporting person paid $356.20 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units.
- F2Upon 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. In connection with the transaction reported above, the reporting person paid $690.90 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units.
- F3Upon 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. In connection with the transaction reported above, the reporting person paid $158.70 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units.
- F4Upon 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.
- F5The restricted share units vest in three equal annual installments.
- F6On June 1, 2015, the reporting person was granted 10,686 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
- F7On June 1, 2016, the reporting person was granted 20,727 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
- F8On June 2, 2014, the reporting person was granted 4,761 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.