SEC Form 4 · accession 0001209191-17-036295
ROWAN COMPANIES PLC · RDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J Quicke
Director
Period of report
May 25, 2017
Accepted (ET)
May 30, 2017 · 7:39 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 |
|---|---|---|---|---|---|---|---|---|
| Class A Ordinary SharesF1 | May 18, 2017 | G | 10,195 | $0.00 | D | 12,195 | 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 UnitsF4,F2,F3 | — | May 25, 2017 | A | 15,111 | A | — | — | Class A Ordinary Shares | 15,111 | 56,104 | D |
Explanation of responses
- F110,195 shares were previously reported as directly beneficially owned but such shares have been contributed by the reporting person to a living trust.
- F2Each non-deferred restricted share unit represents a contingent right to receive one Class A Ordinary Share of Rowan Companies plc.
- F3The restricted share units vest on the earlier of May 25, 2018 or the date of the next annual meeting of shareholders. Settlement of the non-deferred restricted share units occurs upon vesting. At the election of the Compensation Committee, such settlement may be made in cash, shares or a combination.
- F4Includes 40,993 deferred restricted shares units which settle upon departure from the Board, in cash, shares or a combination, at the discretion of the Compensation Committee and 15,111 non-deferred restricted share units.