QUICKE JOHN J 4
4 · ROWAN COMPANIES PLC · Filed May 29, 2018
Insider Transaction Report
Form 4
QUICKE JOHN J
Director
Transactions
- Tax Payment
Class A Ordinary Shares
2018-05-24$15.92/sh−786$12,513→ 16,325 total - Exercise/Conversion
Class A Ordinary Shares
2018-05-24+15,111→ 17,111 total - Exercise/Conversion
Restricted Share Units
2018-05-24−15,111→ 0 total→ Class A Ordinary Shares (15,111 underlying) - Award
Restricted Share Units
2018-05-25+13,080→ 13,080 total→ Class A Ordinary Shares (13,080 underlying)
Footnotes (5)
- [F1]Restricted share units converted into Class A Ordinary Shares on a one-to-one basis pursuant to the election of the compensation committee of the board of directors of Rowan Companies plc.
- [F2]These shares were surrendered for tax payment upon vesting of restricted share units on May 24, 2018.
- [F3]Sales price is the fair market value on Thursday, May 24, 2018.
- [F4]Each restricted share unit represents a contingent right to receive cash, one Class A Ordinary Share of Rowan Companies plc, or a combination thereof, at the discretion of the compensation committee of the board of directors of Rowan Companies plc.
- [F5]Each restricted share unit vests on the earlier of the first anniversary of the date of the grant or the date of the next annual general meeting of shareholders of Rowan Companies plc. Each restricted share unit settles upon vesting. Each restricted share unit settles in cash, Class A Ordinary Shares of Rowan Companies plc, or a combination thereof, at the discretion of the compensation committee of the board of directors of Rowan Companies plc.