| Accession Number: | 0000314808-20-000120 |
| Date: | 2020-06-03 |
| Issuer: | VALARIS PLC (VAL) |
| Original Submission Date: |
NIMOCKS SUZANNE P
110 CANNON STREET
LONDON, X0 EC4N 6EU
| Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
|---|---|---|---|---|---|---|---|---|---|
| CLASS A ORDINARY SHARES | 2020-06-03 | M | 22,806 | a | $0.00 | 41,926 | direct | ||
| CLASS A ORDINARY SHARES | 2020-06-03 | F | 2,350 | d | $0.35 | 39,576 | direct |
| Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RESTRICTED SHARE UNITS | 0.0 | 2020-06-03 | deemed execution date | D | 22,806 (d) | class a ordinary shares 22,806 | $0.00 | 0 | direct |
| ID | footnote |
|---|---|
| f1 | the restricted share units convert into class a ordinary shares on a one-for-one basis upon vesting, and the reporting person is required to pay the aggregate nominal value (par value), $0.40 per share, of our class a ordinary shares actually issued in accordance with u.k. corporate law. in connection with the transaction reported above, the reporting person paid $8,182.40 to valaris plc with respect to the shares actually issued upon vesting of the restricted share units. the remaining 2,350 shares were withheld and not issued to satisfy certain tax withholding obligations. |
| f2 | these shares were withheld upon vesting to enable the reporting person to satisfy tax withholding obligations that arose upon such vesting, which will be paid by the issuer to the appropriate taxing authority in cash. |
| f3 | on june 3, 2019, the reporting person was granted 22,806 restricted share units, vesting on the first anniversary of the grant date. |
