Noble Corp plc 4

4 · Noble Corp plc · Filed Feb 6, 2017

Form 4

Period: 2017-02-02

DirectorChairman, President, and CEO

Transactions

Tax Payment
Shares
2017-02-02$6.88/sh−51,116$351,934→ 845,548 total
Disposition to Issuer
Performance Vested Restricted Stock Units
2017-02-02−245,520→ 0 total
Exercise: $0.00→ Shares (245,520 underlying)
Award
Restricted Stock Units
2017-02-03+366,455→ 366,455 total
Exercise: $0.00→ Shares (366,455 underlying)
Award
Shares
2017-02-02+123,612→ 896,664 total
Award
Performance Vested Restricted Stock Units
2017-02-03+732,910→ 732,910 total
Exercise: $0.00→ Shares (732,910 underlying)

Footnotes (5)

[F1]Represents performance based restricted share units awarded on January 29, 2014 relating to a three-year performance cycle (2014-2016). Based on performance at the end of the performance cycle, 123,612 shares vested and 121,908 shares were forfeited.
[F2]Total share amount reflects an adjustment to outstanding awards as a result of the spin-off of Paragon Offshore plc. The number of shares awarded prior to the spin-off have been increased to provide awardee with substantially equivalent economic value after the spin-off.
[F3]Each performance vested restricted stock unit represents a contingent right to receive one share. Performance vested restricted stock units vest upon the company achieving total shareholder return and contract drilling margin goals over a three year performance cycle (2017-2019) relative to a specified peer group.
[F4]Each restricted stock unit represents a contingent right to receive one share.
[F5]The restricted stock units vest and settle in three equal annual installments beginning on the first anniversary of the grant date.

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