Noble Corp plc 4
4 · Noble Corp plc · Filed Feb 6, 2017
Insider Transaction Report
Form 4
Johnson Simon
Sr. VP - Marketing & Contracts
Transactions
- Award
Restricted Stock Units
2017-02-03+84,567→ 84,567 totalExercise: $0.00→ Shares (84,567 underlying) - Award
Shares
2017-02-02+15,213→ 84,312 total - Tax Payment
Shares
2017-02-02$6.88/sh−4,145$28,538→ 80,167 total - Disposition to Issuer
Performance Vested Restricted Stock Units
2017-02-02−30,218→ 0 totalExercise: $0.00→ Shares (30,218 underlying) - Award
Performance Vested Restricted Stock Units
2017-02-03+169,134→ 169,134 totalExercise: $0.00→ Shares (169,134 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, 15,213 shares vested and 15,005 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.