ROWAN COMPANIES PLC 4
4 · ROWAN COMPANIES PLC · Filed Aug 27, 2015
Insider Transaction Report
Form 4
FOX WILLIAM T III
Director
Transactions
- Award
Restricted Share Units (RSUs)
2015-08-25+346→ 54,301 total→ Class A Ordinary Shares (346 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 August 25, 2015, 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 reported 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.