0001104659-21-061878.txt : 20210505 0001104659-21-061878.hdr.sgml : 20210505 20210505184250 ACCESSION NUMBER: 0001104659-21-061878 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210430 FILED AS OF DATE: 20210505 DATE AS OF CHANGE: 20210505 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Burke Thomas Peter CENTRAL INDEX KEY: 0001479353 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-08097 FILM NUMBER: 21895064 MAIL ADDRESS: STREET 1: 2800 POST OAK BLVD CITY: HOUSTON STATE: TX ZIP: 77056 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Valaris Ltd CENTRAL INDEX KEY: 0000314808 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 980635229 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: CLARENDON HOUSE STREET 2: 2 CHURCH STREET CITY: HAMILTON STATE: D0 ZIP: HM 11 BUSINESS PHONE: 4402076594660 MAIL ADDRESS: STREET 1: CLARENDON HOUSE STREET 2: 2 CHURCH STREET CITY: HAMILTON STATE: D0 ZIP: HM 11 FORMER COMPANY: FORMER CONFORMED NAME: Valaris plc DATE OF NAME CHANGE: 20190801 FORMER COMPANY: FORMER CONFORMED NAME: Ensco Rowan plc DATE OF NAME CHANGE: 20190410 FORMER COMPANY: FORMER CONFORMED NAME: Ensco plc DATE OF NAME CHANGE: 20100331 4/A 1 tm2115331-1_4aseq1.xml OWNERSHIP DOCUMENT X0306 4/A 2021-04-30 2021-05-03 0 0000314808 Valaris Ltd VAL 0001479353 Burke Thomas Peter C/O CLARENDON HOUSE, 2 CHURCH STREET HAMILTON D0 HM 11 BERMUDA 1 1 0 0 President and CEO Restricted Share Units 2021-04-30 4 J 0 420085 0 D Class A Ordinary Shares 420085 0 D Share Option (right to buy) 2021-04-30 4 J 0 244025 0 D Class A Ordinary Shares 244025 0 D Share Appreciation Right 2021-04-30 4 J 0 53672 0 D Class A Ordinary Shares 53672 0 D On the Effective Date (as defined below), all equity or equity -based awards (including phantom awards denominated in equity, options, and equity appreciation rights) were cancelled and extinguished in accordance with the Plan (as defined below) approved by the Bankruptcy Court (as defined below). On August 19, 2020, Valaris plc ("Legacy Valaris") and certain of its wholly owned direct and indirect subsidiaries (collectively, the "Debtors") commenced voluntary cases (the "Chapter 11 Cases") under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). On March 3, 2021, the Bankruptcy Court entered an order confirming the Debtors' Fourth Amended Joint Chapter 11 Plan of Reorganization pursuant to Chapter 11 of the Bankruptcy Code (as amended, modified or supplemented from time to time, the "Plan"). In connection with the Chapter 11 Cases and the Plan, on and prior to the Effective Date (as defined below), the Company effectuated certain restructuring transactions, pursuant to which Valaris Limited, a Bermuda exempted company (the "Issuer") was formed and - through a series of transactions - Legacy Valaris transferred to a subsidiary of the Issuer substantially all of the subsidiaries, and other assets, of Legacy Valaris. On April 30, 2021 (the "Effective Date"), the Plan became effective in accordance with its terms and the Issuer emerged from chapter 11. This amendment is being filed to include the disposition of the Reporting Person's Share Appreciation Rights which were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court as of the Effective Date. /s/ Davor S. Vukadin, by Power of Attorney 2021-05-05