4//SEC Filing
OAK HILL ADVISORS LP 4
Accession 0000902664-21-003185
CIK 0000314808other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 7:32 PM ET
Size
12.7 KB
Accession
0000902664-21-003185
Insider Transaction Report
Form 4
Valaris LtdVAL
OAK HILL ADVISORS LP
10% Owner
Transactions
- Award
Common Shares, $0.01 par value per share ("Common Shares")
2021-06-15+22,023→ 22,023 total(indirect: See footnotes)
Holdings
- 8,979,806(indirect: See footnotes)
Common Shares
Oak Hill Advisors GenPar, L.P.
10% Owner
Transactions
- Award
Common Shares, $0.01 par value per share ("Common Shares")
2021-06-15+22,023→ 22,023 total(indirect: See footnotes)
Holdings
- 8,979,806(indirect: See footnotes)
Common Shares
AUGUST GLENN R
10% Owner
Transactions
- Award
Common Shares, $0.01 par value per share ("Common Shares")
2021-06-15+22,023→ 22,023 total(indirect: See footnotes)
Holdings
- 8,979,806(indirect: See footnotes)
Common Shares
Oak Hill Advisors MGP, Inc.
10% Owner
Transactions
- Award
Common Shares, $0.01 par value per share ("Common Shares")
2021-06-15+22,023→ 22,023 total(indirect: See footnotes)
Holdings
- 8,979,806(indirect: See footnotes)
Common Shares
Footnotes (4)
- [F1]Consists of a one-time grant of 14,823 restricted stock units and an annual equity retainer of 7,200 restricted stock units. The one-time grant was awarded in connection with the Issuer's emergence from chapter 11 to Mr. Joseph Goldschmid ("Mr. Goldschmid"), an employee of Oak Hill Advisors, L.P. ("OHA") and a member of the board of directors of the Issuer. These restricted stock units will vest ratably in three installments on each of the first three anniversaries of the date of grant. The 7,200 restricted stock units, representing the recipient's annual equity retainer, will vest in full on the earlier of the first anniversary of the date of grant or the next annual meeting of the Issuer's shareholders. Mr. Goldschmid has separately reported this grant on his own Form 4 as well.
- [F2]Pursuant to the policies of OHA, the restricted stock units received by Mr. Goldschmid are held for the benefit of certain clients of OHA.
- [F3]Oak Hill Advisors GenPar, L.P. is the general partner of OHA. Oak Hill Advisors MGP, Inc. is the managing general partner of Oak Hill Advisors GenPar, L.P. Mr. Glenn R. August, the Founder, Senior Partner and Chief Executive Officer of OHA, controls OHA. OHA and its affiliates are managed or otherwise controlled directly or indirectly by Mr. August. The interests beneficially owned by the Oak Hill Advisors Entities (as defined below) may be deemed to be beneficially owned by Mr. August, OHA and/or its affiliates. Mr. August, OHA and/or its affiliates disclaim beneficial ownership of the Common Shares beyond their respective pecuniary interest in the Oak Hill Advisors Entities for purposes of Section 16 under the Securities Exchange Act of 1934, as amended.
- [F4]Reflects securities held by client accounts (each, an "Oak Hill Advisors Entity") advised and/or managed by OHA and/or its affiliates. As an advisor or manager to the Oak Hill Advisors Entities, OHA has the power to vote or direct the vote of, and the power to dispose or to direct the disposition of, the Common Shares owned by such entities.
Documents
Issuer
Valaris Ltd
CIK 0000314808
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001164688
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 7:32 PM ET
- Size
- 12.7 KB