4//SEC Filing
SANDVOLD TORE I 4
Accession 0001144204-19-017142
CIK 0000085408other
Filed
Mar 28, 8:00 PM ET
Accepted
Mar 29, 9:44 PM ET
Size
10.0 KB
Accession
0001144204-19-017142
Insider Transaction Report
Form 4
SANDVOLD TORE I
Director
Transactions
- Tax Payment
Class A Ordinary Shares
2019-03-27$11.15/sh−4,229$47,153→ 55,920 total - Exercise/Conversion
Restricted Share Units
2019-03-27−35,629→ 0 total→ Class A Ordinary Shares (35,629 underlying) - Exercise/Conversion
Class A Ordinary Shares
2019-03-27+35,629→ 60,149 total
Footnotes (6)
- [F1]Pursuant to the approval by the compensation committee of the Board of Directors (the "Compensation Committee") of Rowan Companies plc. (the "Company"), on March 27, 2019, the Reporting Person's restricted share units were accelerated in full.
- [F2]Restricted share units converted into Class A Ordinary Shares on a one-to-one basis pursuant to the election of the Compensation Committee.
- [F3]These shares were surrendered for tax payment upon vesting of restricted share units on March 27, 2019.
- [F4]Sales price is the fair market value on Wednesday, March 27, 2019.
- [F5]Each restricted share unit represents a contingent right to receive cash, one Class A Ordinary Share of the Company, or a combination thereof, at the discretion of the Compensation Committee.
- [F6]Each restricted share unit vests on the earlier of the first anniversary of the date of the grant or the date of the next annual general meeting of shareholders of the Company. Each restricted share unit settles upon vesting. Each restricted share unit settles in cash, Class A Ordinary Shares of the Company, or a combination thereof, at the discretion of the Compensation Committee.
Documents
Issuer
ROWAN COMPANIES PLC
CIK 0000085408
Entity typeother
Related Parties
1- filerCIK 0001287699
Filing Metadata
- Form type
- 4
- Filed
- Mar 28, 8:00 PM ET
- Accepted
- Mar 29, 9:44 PM ET
- Size
- 10.0 KB