ROWAN COMPANIES PLC 4
4 · ROWAN COMPANIES PLC · Filed May 30, 2017
Insider Transaction Report
Form 4
SANDVOLD TORE I
Director
Transactions
- Award
Restricted Share Units
2017-05-25+15,111→ 37,660 total→ Class A Ordinary Shares (15,111 underlying)
Footnotes (3)
- [F1]Each non-deferred restricted share unit represents a contingent right to receive one Class A Ordinary Share of Rowan Companies plc.
- [F2]The restricted share units vest on the earlier of May 25, 2018 or the date of the next annual meeting of shareholders. Settlement of the non-deferred restricted share units occurs upon vesting. At the election of the Compensation Committee, such settlement may be made in cash, shares or a combination.
- [F3]Includes 22,549 deferred restricted shares units which settle upon departure from the Board, in cash, shares or a combination, at the discretion of the Compensation Committee and 15,111 non-deferred restricted share units.