4//SEC Filing
ROWSEY PAUL E III 4
Accession 0000314808-20-000106
CIK 0000314808other
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 5:07 PM ET
Size
13.4 KB
Accession
0000314808-20-000106
Insider Transaction Report
Form 4
Valaris plcVAL
ROWSEY PAUL E III
Director
Transactions
- Exercise/Conversion
Restricted Share Units
2020-06-01−3,483→ 3,483 total→ Class A Ordinary Shares (3,483 underlying) - Exercise/Conversion
Class A Ordinary Shares
2020-06-01+3,483→ 37,703 total - Exercise/Conversion
Restricted Share Units
2020-06-01−3,626→ 0 total→ Class A Ordinary Shares (3,626 underlying) - Exercise/Conversion
Class A Ordinary Shares
2020-06-01+3,626→ 34,220 total - Tax Payment
Class A Ordinary Shares
2020-06-01$0.32/sh−733$235→ 36,970 total
Footnotes (5)
- [F1]The restricted share units convert into Class A ordinary shares on a one-for-one basis upon vesting, and the reporting person is required to pay the aggregate nominal value (par value), $0.40 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 $1,300.80 to Valaris plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 374 shares were withheld and not issued to satisfy certain tax withholding obligations.
- [F2]The restricted share units convert into Class A ordinary shares on a one-for-one basis upon vesting, and the reporting person is required to pay the aggregate nominal value (par value), $0.40 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 $1,249.60 to Valaris with respect to the shares actually issued upon vesting of the restricted share units. The remaining 359 shares were withheld and not issued to satisfy certain tax withholding obligations.
- [F3]These shares were withheld upon vesting to enable the reporting person to satisfy tax withholding obligations that arose upon such vesting, which will be paid by the issuer to the appropriate taxing authority in cash.
- [F4]On June 1, 2017, the reporting person was granted 10,878 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
- [F5]On June 1, 2018, the reporting person was granted 10,449 restricted share units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
Documents
Issuer
Valaris plc
CIK 0000314808
Entity typeother
Related Parties
1- filerCIK 0001184169
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 5:07 PM ET
- Size
- 13.4 KB