ROWAN COMPANIES PLC 4
4 · ROWAN COMPANIES PLC · Filed May 30, 2017
Insider Transaction Report
Form 4
HEARNE GRAHAM
Director
Transactions
- Exercise/Conversion
Ordinary Shares
2017-05-25+51,317→ 64,417 total - Disposition to Issuer
Ordinary Shares
2017-05-25−23,093→ 41,324 total - Exercise/Conversion
Restricted Share Units
2017-05-25−51,317→ 0 totalFrom: 2017-05-25Exp: 2017-05-25→ Ordinary Shares (51,317 underlying)
Footnotes (2)
- [F1]Upon the reporting person's retirement from the Board of Directors of the Company on May 25, 2017, 51,317 deferred restricted share units ("RSUs") were settled, of which 28,224 RSUs were settled for Class A ordinary shares on a one-for-one basis and 23,093 were settled in cash at the market price of $13.235 per ordinary share. A portion of the cash was retained by the Company for UK tax obligations.
- [F2]See footnote (1) above.