SEC Form 4 · accession 0001209191-16-116776
ROWAN COMPANIES PLC · RDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Suzanne P Nimocks
Director
Period of report
Apr 28, 2016
Accepted (ET)
May 2, 2016 · 5:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000085408
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF1,F2 | — | Apr 28, 2016 | A | 10,755 | A | — | — | Class A Ordinary Shares | 10,755 | 43,768 | D |
Explanation of responses
- F1Each restricted share unit represents a contingent right to receive one Class A Ordinary Share of Rowan Companies plc.
- F2The restricted share units vest on the earlier of April 28, 2017 or the date of the next annual meeting of shareholders. Settlement of the restricted share units occurs upon termination of the reporting person's service on the Board of Directors. At the election of the Compensation Committee, such settlement may be made in cash, shares or a combination.