SEC Form 4 · accession 0001209191-17-014442
ROWAN COMPANIES PLC · RDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Peter Burke
Officer — President & CEO · Director
Period of report
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 5:31 pm EST
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 |
|---|---|---|---|---|---|---|---|---|
| Class A Ordinary SharesF1,F2,F3 | Feb 22, 2017 | A | 102,359 | $0.00 | A | 428,852 | D | |
| Class A Ordinary SharesF4,F5,F6 | Feb 22, 2017 | A | 284,333 | $0.00 | A | 713,185 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Option (right to buy)F7,F8 | $17.585 | Feb 22, 2017 | A | 354,946 | A | Feb 22, 2021 | Feb 22, 2024 | Class A Ordinary Shares | 354,946 | 354,946 | D |
Explanation of responses
- F1Represents restricted share units which may be settled solely in ordinary shares upon vesting.
- F2The restricted share units vest ratably over a three-year period.
- F3Includes 332,085 restricted share units held by the reporting person.
- F4Represents a retention award of restricted share units which may be settled solely in ordinary shares upon vesting.
- F5The restricted share units cliff vest on the fourth anniversary of the grant date.
- F6Includes 616,418 restricted share units held by the reporting person.
- F7Represents a retention award of options.
- F8The option cliff vests on the fourth anniversary of the grant date.