SEC Form 4 · accession 0001209191-17-036109
ROWAN COMPANIES PLC · RDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
P Dexter Peacock
Director
Period of report
May 25, 2017
Accepted (ET)
May 30, 2017 · 3:50 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 | May 25, 2017 | M | 62,072 | $0.00 | A | 72,577 | D | |
| Ordinary SharesF1 | May 25, 2017 | D | 2,053 | $0.00 | D | 70,524 | 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 | — | May 25, 2017 | M | 62,072 | D | May 25, 2017 | May 25, 2017 | Ordinary Shares | 62,072 | 0 | D |
Explanation of responses
- F1Upon the reporting person's retirement from the Board of Directors of the Company on May 25, 2017, 62,072 deferred restricted share units ("RSUs") were settled, of which 60,019 RSUs were settled for Class A ordinary shares on a one-for-one basis and 2,053 were settled in cash at the market price of $13.235 per ordinary share. A portion of the cash was retained by the Company for UK tax obligations.
- F2See footnote (1) above.