SEC Form 4 · accession 0001209191-15-039095
ROWAN COMPANIES PLC · RDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Colin B Moynihan
Director
Period of report
May 1, 2015
Accepted (ET)
May 5, 2015 · 7:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000085408
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1,F2 | May 1, 2015 | M | 44,336 | — | A | 59,336 | D | |
| Ordinary SharesF1,F2 | May 1, 2015 | D | 25,719 | — | D | 33,617 | 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 | — | May 1, 2015 | M | 44,336 | D | May 1, 2015 | May 1, 2015 | Ordinary Shares | 44,336 | 0 | D |
Explanation of responses
- F1Upon the reporting person's retirement from the Board of Directors of the Company, 44,336 restricted share units were settled, of which 18,617 were settled for ordinary shares on a one-for-one basis and 25,719 were settled in cash at the market price of $21.31 per ordinary share. The market price reflects the average high and low price on Friday, May 1, 2015. A portion of the cash was retained by the Company for tax withholding.
- F2Includes 3,000 shares held indirectly through a pension trust.
- F3See footnote (1) above.