SEC Form 4 · accession 0001209191-16-116772
ROWAN COMPANIES PLC · RDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William T Fox III
Director
Period of report
Apr 28, 2016
Accepted (ET)
May 2, 2016 · 5:09 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 | Apr 28, 2016 | M | 54,586 | $0.00 | A | 66,236 | D | |
| Ordinary SharesF1 | Apr 28, 2016 | D | 27,293 | $0.00 | D | 38,943 | 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 | — | Apr 28, 2016 | M | 54,586 | D | Apr 28, 2016 | Apr 28, 2016 | Ordinary Shares | 54,586 | 0 | D |
Explanation of responses
- F1Upon the reporting person's retirement from the Board of Directors of the Company, 54,586 restricted share units were settled, of which 27,293 were settled for Class A ordinary shares on a one-for-one basis and 27,293 were settled in cash at the market price of $18.595 per ordinary share. A portion of the cash was retained by the Company for UK tax obligations.
- F2See footnote (1) above.