SEC Form 4 · accession 0000314808-19-000053
Valaris Ltd · VAL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael McGuinty
Officer — SVP-General Counsel/Secretary
Period of report
Mar 6, 2019
Accepted (ET)
Mar 8, 2019 · 5:41 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 SharesF1 | Mar 6, 2019 | A | 56,544 | $0.00 | A | 160,338 | D | |
| Class A Ordinary SharesF2 | Mar 6, 2019 | F | 26,576 | $4.22 | D | 133,762 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares earned under performance unit awards for 2016-2018 performance period.
- F2These shares were withheld upon vesting to enable the reporting person to satisfy tax withholding obligations that arose upon such vesting, which will be paid by the issuer to the appropriate taxing authority in cash.