Weitzman Adam 4
4 · Valaris plc · Filed Feb 6, 2020
Insider Transaction Report
Form 4
Valaris plcVAL
Weitzman Adam
Director
Transactions
- Award
Restricted Share Units
2020-02-04+12,443→ 12,443 total→ Class A Ordinary Shares (12,443 underlying)
Holdings
- 36,982,076(indirect: See footnote)
Class A Ordinary Shares
Footnotes (3)
- [F1]The securities are held directly by Luminus Energy Partners Master Fund, Ltd.
- [F2]The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.
- [F3]Upon the vesting of the restricted share units ("RSUs"), the Reporting Person is required to pay the aggregate nominal value (par value), $0.40 per share, of the Issuer's Class A Ordinary Shares actually issued, in accordance with U.K. corporate law. The RSUs vest on the first anniversary of the grant date.