Form Type: 4

SEC EDGAR Link
Accession Number:0000314808-19-000173
Date:2019-11-01
Issuer: VALARIS PLC (VAL)
Original Submission Date:

Reporting Person:

DARBY TOMMY
5847 SAN FELIPE ST.
SUITE 3300 HOUSTON, TX 77057

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS A ORDINARY SHARES 2019-11-01 M 106 a $0.00 4,867 indirect
CLASS A ORDINARY SHARES 2019-11-01 F 26 d $4.55 4,841 indirect
CLASS A ORDINARY SHARES 2019-11-01 0 $0.00 4,208 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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 2019-11-01 deemed execution date M 106 (d) class a ordinary shares 106 $0.00 425 indirect represents restricted share units held by an immediate family member
Footnotes
IDfootnote
f1 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.
f2 on november 1, 2018, an immediate family member of the reporting person was granted 531 restricted share units, vesting in five equal annual installments beginning on the first anniversary of the grant date. each restricted share unit represents the economic equivalent of one class a ordinary share of valaris plc ("valaris"). on april 11, 2019, valaris effected a 1 for 4 reverse stock split. all share counts on this form 4 are represented on a post-split basis.
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