ROWAN COMPANIES PLC 4
4 · ROWAN COMPANIES PLC · Filed Dec 1, 2014
Insider Transaction Report
Form 4
MOYNIHAN COLIN B
Director
Transactions
- Award
Restricted Share Units (RSUs)
2014-11-25+180→ 44,121 total→ Class A Ordinary Shares (180 underlying)
Footnotes (3)
- [F1]Each restricted share unit (RSU) represents a contingent right to receive one Class A Ordinary Share of Rowan Companies plc.
- [F2]On November 25, 2014, the Company paid a dividend of $0.10 per share on its Class A Ordinary Shares. The Reporting Person received the number of restricted share units shown above in lieu of such cash dividend.
- [F3]Upon forefeiture of an annual RSU award prior to vesting, any RSUs credited to the Reporting Person in lieu of cash dividends with respect to such forfeited RSUs are also forfeited. RSUs are settled after the final termination date of the Reporting Person's service as a director. At the election of the Compensation Committee, such settlement may be made in cash or common shares of the Company.