SEC Form 4 · accession 0000314808-18-000148
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
Dec 10, 2018
Accepted (ET)
Dec 12, 2018 · 4:40 pm EST
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 | Dec 10, 2018 | M | 1,067 | $0.00 | A | 79,083 | D | |
| Class A Ordinary SharesF1 | Dec 10, 2018 | F | 506 | $4.75 | D | 78,577 | 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 UnitsF2 | — | Dec 10, 2018 | M | 1,067 | D | — | — | Class A Ordinary Shares | 1,067 | 1,067 | D |
Explanation of responses
- F1These shares were withheld to satisfy tax withholding obligations that arose upon vesting.
- F2On December 10, 2014, the reporting person was granted 5,335 restricted share units, vesting in five equal annual installments beginning on the first anniversary of the grant date.