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Filing Details

Accession Number:: 0000899243-20-023431
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-08-26 15:47:23
Reporting Period:: 2020-08-24

Accepted Time:: 2020-08-26 15:47:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
314808	Valaris Plc	VAL	Drilling Oil & Gas Wells (1381)	980635229

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1279151	Luminus Management Llc	1700 Broadway 26Th Floor New York NY 10019	Yes	No	Yes	No
1405850	Luminus Energy Partners Master Fund, Ltd.	1700 Broadway 26Th Floor New York NY 10019	No	No	Yes	No
1731639	Dan Jonathan Barrett	1700 Broadway 26Th Floor New York NY 10019	No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Ordinary Shares	Disposition	2020-08-24	4,082,076	$0.20	28,400,000	No	4	S	Indirect	See footnote
Class A Ordinary Shares	Disposition	2020-08-25	3,750,000	$0.10	24,650,000	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Footnotes

The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $0.158-$0.220, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $0.120-$0.125, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
The securities are held directly by Luminus Energy Partners Master Fund, Ltd. (the "Master Fund"), for which Luminus Management, LLC serves as the investment manager. Jonathan Barrett is the ultimate beneficial owner of Luminus Management, LLC.
The filing of this statement shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.