ROWAN COMPANIES PLC 4
4 · ROWAN COMPANIES PLC · Filed May 5, 2015
Insider Transaction Report
Form 4
MOYNIHAN COLIN B
Director
Transactions
- Exercise/Conversion
Restricted Share Units
2015-05-01−44,336→ 0 totalFrom: 2015-05-01Exp: 2015-05-01→ Ordinary Shares (44,336 underlying) - Exercise/Conversion
Ordinary Shares
2015-05-01+44,336→ 59,336 total - Disposition to Issuer
Ordinary Shares
2015-05-01−25,719→ 33,617 total
Footnotes (3)
- [F1]Upon the reporting person's retirement from the Board of Directors of the Company, 44,336 restricted share units were settled, of which 18,617 were settled for ordinary shares on a one-for-one basis and 25,719 were settled in cash at the market price of $21.31 per ordinary share. The market price reflects the average high and low price on Friday, May 1, 2015. A portion of the cash was retained by the Company for tax withholding.
- [F2]Includes 3,000 shares held indirectly through a pension trust.
- [F3]See footnote (1) above.