Ensco plc 4
4 · Ensco plc · Filed Jun 5, 2017
Insider Transaction Report
Form 4
Ensco plcESV
Trowell Carl
CEO & President
Transactions
- Exercise/Conversion
Restricted Share Units
2017-06-02−92,046→ 0 total→ Class A Ordinary Shares (92,046 underlying) - Tax Payment
Class A Ordinary Shares
2017-06-02$6.14/sh−43,262$265,629→ 589,689 total - Exercise/Conversion
Class A Ordinary Shares
2017-06-02+92,046→ 632,951 total
Footnotes (3)
- [F1]Upon the vesting of our restricted share units, the reporting person is required to pay the aggregate nominal value (par value), $0.10 per share, of our Class A ordinary shares actually issued, in accordance with U.K. corporate law. In connection with the transaction reported above, the reporting person paid $4,878.40 to Ensco plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 43,262 shares were withheld and not issued to satisfy certain tax withholding obligations.
- [F2]These shares were withheld to satisfy tax withholding obligations that arose upon vesting.
- [F3]On June 2, 2014, the reporting person was granted 123,786 restricted share units, of which 47,610 restricted share units vest at a rate of 33 1/3% per annum on the anniversary date of the grant over a three year period and 76,176 restricted share units vest 100% on the third anniversary of the date of grant.