X0306 4 2015-11-23 0 0000085408 ROWAN COMPANIES PLC RDC 0001433667 Albrecht William E 2800 POST OAK BLVD. SUITE 5450 HOUSTON TX 77056 1 0 0 0 Restricted Share Units (RSUs) 2015-11-23 4 A 0 28 0.00 A Class A Ordinary Shares 28 5374 D Each restricted share unit (RSU) represents a contingent right to receive one Class A Ordinary Share of Rowan Companies plc. On November 23, 2015, the Company paid a dividend of $0.10 per share on its Class A Ordinary Shares. The Reporting Person received the number of restricted share units shown above in lieu of such cash dividend. Upon forefeiture of an annual RSU award prior to vesting, any RSUs credited to the Reporting Person in lieu of cash dividends with respect to such forfeited RSUs are also forfeited. RSUs are settled after the final termination date of the Reporting Person's service as a director. At the election of the Compensation Committee, such settlement may be made in cash or common shares of the Company. /s/ Melanie M. Trent, Attorney-in-Fact 2015-11-24