4//SEC Filing
RATTIE KEITH O 4
Accession 0000314808-20-000128
CIK 0000314808other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 7:31 PM ET
Size
9.9 KB
Accession
0000314808-20-000128
Insider Transaction Report
Form 4
Valaris plcVAL
RATTIE KEITH O
Director
Transactions
- Disposition to Issuer
Restricted Share Units
2020-06-15−2,533→ 0 total→ Class A Ordinary Shares (2,533 underlying) - Exercise/Conversion
Class A Ordinary Shares
2020-06-15+2,533→ 43,141 total - Tax Payment
Class A Ordinary Shares
2020-06-15$1.01/sh−261$264→ 42,880 total
Holdings
- 344(indirect: Ensco Non-Employee Director Deferred Compensation Plan)
Class A Ordinary Shares
Footnotes (3)
- [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 $908.80 to Valaris plc with respect to the shares actually issued upon vesting of the restricted share units. The remaining 261 shares were withheld and not issued to satisfy certain tax withholding obligations
- [F2]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.
- [F3]On June 15, 2020, in connection with the reporting person stepping down from the Board of Directors of Valaris plc, the reporting person's outstanding restricted share units fully vested.
Documents
Issuer
Valaris plc
CIK 0000314808
Entity typeother
Related Parties
1- filerCIK 0001180568
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 7:31 PM ET
- Size
- 9.9 KB