Turcotte William E 4
4 · Noble Corp plc · Filed Mar 10, 2020
Insider Transaction Report
Form 4
Turcotte William E
Sr. V.P. & General Counsel
Transactions
- Disposition to Issuer
Shares
2020-03-06$0.44/sh−76,268$33,558→ 182,625 total - Exercise/Conversion
Shares
2020-03-06+76,268→ 258,893 total - Exercise/Conversion
Performance Vested Restricted Stock Units
2020-03-06−101,691→ 0 totalExercise: $0.00→ Shares (101,691 underlying)
Footnotes (3)
- [F1]Restricted stock units were settled in cash.
- [F2]Each restricted stock unit represents a contingent right to receive one share.
- [F3]Represents performance based restricted share units awarded on February 3, 2017 relating to a three-year performance cycle (2017-2019). Pursuant to a domestic relations order entered into on September 1, 2019, 81,537 of the 183,228 performance based restricted stock units awarded were transferred to the reporting person's ex-wife. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife. Based on performance at the end of the performance cycle, 76,268 shares underlying this award vested and were settle in cash and 25,423 shares underlying this award were forfeited.