Sec Form 4 Filing - Necaise Frankie Derek @ ROWAN COMPANIES PLC - 2014-06-11

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Necaise Frankie Derek
2. Issuer Name and Ticker or Trading Symbol
ROWAN COMPANIES PLC [ RDC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last) (First) (Middle)
2800 POST OAK BLVD., SUITE 5450
3. Date of Earliest Transaction (MM/DD/YY)
06/11/2014
(Street)
HOUSTON, TX77056
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Ordinary Shares 06/11/2014 M 5,000 A $ 25.265 38,335 ( 1 ) D
Class A Ordinary Shares 06/11/2014 S 4,360 ( 2 ) D $ 31.96 ( 3 ) 33,975 ( 1 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option (right to buy) $ 25.265 06/11/2014 M 5,000 07/21/2005( 4 ) 07/21/2014 Class A Common Shares 5,000 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Necaise Frankie Derek
2800 POST OAK BLVD.
SUITE 5450
HOUSTON, TX77056
Senior Vice President
Signatures
/s/ Melanie M. Trent, Attorney-in-fact 06/13/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes 25,480 restricted shares and restricted share units held by the reporting person. Restricted shares and restricted share units may be settled soley in ordinary shares upon vesting.
( 2 )Shares disposed of to cover the exercise price and the associated tax liability incident to the exericse of the options.
( 3 )Average high/low price per share on June 11, 2014. Actual sales prices ranged from $31.98 to $32.002. Upon request by the Commission staff, the issuer or reporting person will provide full information regarding the number of shares sold at each separate price.
( 4 )The option vested in four equal annual installments beginning on July 21, 2005.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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