MOYNIHAN COLIN B 4
4 · ROWAN COMPANIES PLC · Filed Jul 27, 2012
Insider Transaction Report
Form 4
MOYNIHAN COLIN B
Director
Transactions
- Award
Restricted Share Units
2012-07-25+5,913→ 30,970 total→ Class A Ordinary Shares (5,913 underlying)
Footnotes (2)
- [F1]Each restricted share unit represents a contingent right to receive one Class A Ordinary Share of Rowan Companies plc.
- [F2]The units vest on the earlier of July 25, 2013 or the date of the next annual meeting of shareholders. Vested shares (including any dividends) will be delivered to the reporting person after the final termination date of the reporting person's service on the Board of Directors. At the election of the Compensation Committee, such payout may be made in cash or shares.