0001144204-19-017142.txt : 20190329 0001144204-19-017142.hdr.sgml : 20190329 20190329214454 ACCESSION NUMBER: 0001144204-19-017142 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190327 FILED AS OF DATE: 20190329 DATE AS OF CHANGE: 20190329 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SANDVOLD TORE I CENTRAL INDEX KEY: 0001287699 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-05491 FILM NUMBER: 19718577 MAIL ADDRESS: STREET 1: C/O SCHLUMBERGER LIMITED STREET 2: 5999 SAN FELIPE, 17TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77056 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ROWAN COMPANIES PLC CENTRAL INDEX KEY: 0000085408 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 981023315 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: CANNON PLACE, 78 CANNON STREET CITY: LONDON STATE: X0 ZIP: EC4N 6AF BUSINESS PHONE: 7136217800 MAIL ADDRESS: STREET 1: 2800 POST OAK BOULEVARD, SUITE 5450 CITY: HOUSTON STATE: TX ZIP: 77056 FORMER COMPANY: FORMER CONFORMED NAME: ROWAN COMPANIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ROWAN DRILLING CO INC DATE OF NAME CHANGE: 19711110 FORMER COMPANY: FORMER CONFORMED NAME: ROWAN DRILLING CO DATE OF NAME CHANGE: 19671112 4 1 tv517639_form4.xml FORM 4 X0306 4 2019-03-27 0 0000085408 ROWAN COMPANIES PLC RDC 0001287699 SANDVOLD TORE I 2800 POST OAK BLVD., SUITE 5450 HOUSTON TX 77056 1 0 0 0 Class A Ordinary Shares 2019-03-27 4 M 0 35629 0 A 60149 D Class A Ordinary Shares 2019-03-27 4 F 0 4229 11.15 D 55920 D Restricted Share Units 2019-03-27 4 M 0 35629 0 D Class A Ordinary Shares 35629 0 D Pursuant to the approval by the compensation committee of the Board of Directors (the "Compensation Committee") of Rowan Companies plc. (the "Company"), on March 27, 2019, the Reporting Person's restricted share units were accelerated in full. Restricted share units converted into Class A Ordinary Shares on a one-to-one basis pursuant to the election of the Compensation Committee. These shares were surrendered for tax payment upon vesting of restricted share units on March 27, 2019. Sales price is the fair market value on Wednesday, March 27, 2019. Each restricted share unit represents a contingent right to receive cash, one Class A Ordinary Share of the Company, or a combination thereof, at the discretion of the Compensation Committee. Each restricted share unit vests on the earlier of the first anniversary of the date of the grant or the date of the next annual general meeting of shareholders of the Company. Each restricted share unit settles upon vesting. Each restricted share unit settles in cash, Class A Ordinary Shares of the Company, or a combination thereof, at the discretion of the Compensation Committee. /s/ Mark F. Mai, Attorney-in-Fact 2019-03-29