4/A//SEC Filing
Burke Thomas Peter 4/A
Accession 0001104659-21-061878
CIK 0000314808other
Filed
May 4, 8:00 PM ET
Accepted
May 5, 6:42 PM ET
Size
11.9 KB
Accession
0001104659-21-061878
Insider Transaction Report
Form 4/AAmended
Valaris LtdVAL
Burke Thomas Peter
DirectorCEO and President
Transactions
- Other
Restricted Share Units
2021-04-30−420,085→ 0 total→ Class A Ordinary Shares (420,085 underlying) - Other
Share Option (right to buy)
2021-04-30−244,025→ 0 total→ Class A Ordinary Shares (244,025 underlying) - Other
Share Appreciation Right
2021-04-30−53,672→ 0 total→ Class A Ordinary Shares (53,672 underlying)
Footnotes (3)
- [F1]On the Effective Date (as defined below), all equity or equity -based awards (including phantom awards denominated in equity, options, and equity appreciation rights) were cancelled and extinguished in accordance with the Plan (as defined below) approved by the Bankruptcy Court (as defined below).
- [F2]On August 19, 2020, Valaris plc ("Legacy Valaris") and certain of its wholly owned direct and indirect subsidiaries (collectively, the "Debtors") commenced voluntary cases (the "Chapter 11 Cases") under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). On March 3, 2021, the Bankruptcy Court entered an order confirming the Debtors' Fourth Amended Joint Chapter 11 Plan of Reorganization pursuant to Chapter 11 of the Bankruptcy Code (as amended, modified or supplemented from time to time, the "Plan").
- [F3]In connection with the Chapter 11 Cases and the Plan, on and prior to the Effective Date (as defined below), the Company effectuated certain restructuring transactions, pursuant to which Valaris Limited, a Bermuda exempted company (the "Issuer") was formed and - through a series of transactions - Legacy Valaris transferred to a subsidiary of the Issuer substantially all of the subsidiaries, and other assets, of Legacy Valaris. On April 30, 2021 (the "Effective Date"), the Plan became effective in accordance with its terms and the Issuer emerged from chapter 11.
Documents
Issuer
Valaris Ltd
CIK 0000314808
Entity typeother
Related Parties
1- filerCIK 0001479353
Filing Metadata
- Form type
- 4/A
- Filed
- May 4, 8:00 PM ET
- Accepted
- May 5, 6:42 PM ET
- Size
- 11.9 KB