LUMINUS MANAGEMENT LLC 4
4 · Valaris plc · Filed Feb 6, 2020
Insider Transaction Report
Form 4
Valaris plcVAL
LUMINUS MANAGEMENT LLC
10% Owner
Transactions
- Award
Restricted Share Units
2020-02-04+12,443→ 12,443 total(indirect: See footnote)→ Class A Ordinary Shares (12,443 underlying)
Holdings
- 36,982,076(indirect: See footnote)
Class A Ordinary Shares
Footnotes (4)
- [F1]The securities are held directly by Luminus Energy Partners Master Fund, Ltd. (the "Master Fund"), for which Luminus Management, LLC serves as the investment manager. Jonathan Barrett is the ultimate beneficial owner of Luminus Management, LLC.
- [F2]The filing of this statement shall not be deemed an admission that any of the Reporting Persons 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 Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.
- [F3]Upon the vesting of the restricted share units ("RSUs"), Adam Weitzman 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.
- [F4]Consists of RSUs awarded to Mr. Weitzman in connection with his role as a member of the Issuer's Board of Directors.