SEC Form 4 · accession 0000314808-17-000128
Valaris Ltd · VAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phil D Wedemeyer
Director
Period of report
Oct 6, 2017
Accepted (ET)
Oct 6, 2017 · 4:33 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 Shares | Oct 6, 2017 | A | 71,023 | $0.00 | A | 71,023 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the Agreement and Plan of Merger dated as of May 29, 2017 by and among the Issuer, Atwood Oceanics, Inc. ("Atwood") and Echo Merger Sub LLC ("Merger Sub"), Merger Sub merged with and into Atwood, with Atwood continuing as the surviving company and becoming a wholly owned subsidiary of the Issuer. At the effective time of the merger, each share of Atwood common stock issued and outstanding immediately prior to such time was converted into the right to receive 1.60 shares of the Issuer's common stock. On the trading day immediately prior to the effective time, the closing price of the Issuer's common stock was $5.83 per share and the closing price of Atwood common stock was $9.32 per share.