SEC Form 4 · accession 0001209191-17-036293
ROWAN COMPANIES PLC · RDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thierry Pilenko
Director
Period of report
May 25, 2017
Accepted (ET)
May 30, 2017 · 7:34 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 UnitsF3,F1,F2 | — | May 25, 2017 | A | 15,111 | A | — | — | Class A Ordinary Shares | 15,111 | 15,111 | D |
Explanation of responses
- F1Each deferred restricted share unit represents a contingent right to receive one Class A Ordinary Share of Rowan Companies plc, or at the discretion of the Compensation Committee, such settlement may be made in cash, shares or a combination.
- F2The restricted share units vest on the earlier of May 25, 2018 or the date of the next annual meeting of shareholders but are not settled until departure from the Board.
- F3Includes 15,111 deferred restricted shares units which settle upon departure from the Board, in cash, shares or a combination, at the discretion of the Compensation Committee.