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Filing Details

Accession Number:: 0000902664-21-003999
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-08-23 19:06:56
Reporting Period:: 2021-08-19

Accepted Time:: 2021-08-23 19:06:56
SEC Url:: Form 4 Filing

Issuer

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

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1013025	R Glenn August	C/O Oha - 1 Vanderbilt Avenue 16Th Floor New York NY 10017	No	No	Yes	No
1164688	Oak Hill Advisors Lp	1 Vanderbilt Ave 16Th Floor New York NY 10017	No	No	Yes	No
1312600	Oak Hill Advisors Mgp, Inc.	201 Main Street Fort Worth TX 76102	No	No	Yes	No
1515759	Oak Hill Advisors Genpar, L.p.	1 Vanderbilt Avenue 16Th Floor New York NY 10017	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares, $0.01 Par Value Per Share ("Common Shares")	Acquisiton	2021-08-19	100,000	$23.96	9,079,806	No	4	P	Indirect	See footnotes
Common Shares	Acquisiton	2021-08-20	56,990	$23.94	9,136,796	No	4	P	Indirect	See footnotes
Common Shares	Acquisiton	2021-08-23	75,528	$25.38	9,212,324	No	4	P	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	P	Indirect	See footnotes

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares	22,023	Indirect	See footnotes

Footnotes

Oak Hill Advisors GenPar, L.P. is the general partner of Oak Hill Advisors, L.P. ("OHA"). Oak Hill Advisors MGP, Inc. is the managing general partner of Oak Hill Advisors GenPar, L.P. Mr. Glenn R. August, the Founder, Senior Partner and Chief Executive Officer of OHA, controls OHA. OHA and its affiliates are managed or otherwise controlled directly or indirectly by Mr. August. The interests beneficially owned by the Oak Hill Advisors Entities (as defined below) may be deemed to be beneficially owned by Mr. August, OHA and/or its affiliates. Mr. August, OHA and/or its affiliates disclaim beneficial ownership of the Common Shares beyond their respective pecuniary interest in the Oak Hill Advisors Entities for purposes of Section 16 under the Securities Exchange Act of 1934, as amended.
Reflects securities held by client accounts (each, an "Oak Hill Advisors Entity") advised and/or managed by OHA and/or its affiliates. As an advisor or manager to the Oak Hill Advisors Entities, OHA has the power to vote or direct the vote of, and the power to dispose or to direct the disposition of, the Common Shares owned by such entities.
Consists of a one-time grant of 14,823 restricted stock units and an annual equity retainer of 7,200 restricted stock units awarded to Mr. Joseph Goldschmid ("Mr. Goldschmid"), an employee of OHA and a member of the board of directors of the Issuer.
Pursuant to the policies of OHA, the restricted stock units received by Mr. Goldschmid are held for the benefit of certain clients of OHA.