UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Call Option (right to buy) | Â (3) | 01/16/2015 | Ordinary Shares | 1,000,000 | $ 30 | I | See footnotes (1) (2) |
Call Option (right to buy) | Â (3) | 01/15/2016 | Ordinary Shares | 5,000,000 | $ 30 | I | See footnotes (1) (2) |
Call Option (right to buy) | Â (3) | 01/15/2016 | Ordinary Shares | 2,000,000 | $ 31 | I | See footnotes (1) (2) |
Call Option (right to buy) | 01/16/2015 | 01/16/2015 | Ordinary Shares | 434,000 | $ 30 | I | See footnotes (1) (2) |
Call Option (right to buy) | 01/16/2015 | 01/16/2015 | Ordinary Shares | 1,000,000 | $ 33 | I | See footnotes (1) (2) |
Call Option (right to buy) | 01/16/2015 | 01/16/2015 | Ordinary Shares | 1,000,000 | $ 35 | I | See footnotes (1) (2) |
Cash Settled Equity Swap (4) | Â (5) | 01/22/2016 | Ordinary Shares | 7,712 | $ 30.86 (6) | I | See footnotes (1) (2) |
Cash Settled Equity Swap (4) | Â (5) | 02/04/2016 | Ordinary Shares | 400,000 | $ 27.72 (6) | I | See footnotes (1) (2) |
Cash Settled Equity Swap (4) | Â (5) | 02/05/2016 | Ordinary Shares | 500,000 | $ 27.34 (6) | I | See footnotes (1) (2) |
Cash Settled Equity Swap (4) | Â (5) | 02/08/2016 | Ordinary Shares | 10,256 | $ 26.62 (6) | I | See footnotes (1) (2) |
Cash Settled Equity Swap (4) | Â (5) | 08/08/2016 | Ordinary Shares | 275,336 | $ 26.32 (6) | I | See footnotes (1) (2) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
FIR TREE INC. 505 FIFTH AVENUE 23RD FLOOR NEW YORK, NY 10017 |
 |  X |  |  |
Fir Tree Value Master Fund, L.P. C/O FIR TREE, INC. 505 FIFTH AVENUE, 23RD FLOOR NEW YORK, NY 10017 |
 |  X |  |  |
/s/ James Walker, Managing Director of Fir Tree, Inc.______________ | 09/03/2014 | |
**Signature of Reporting Person | Date | |
/s/ James Walker, Authorized Person of Fir Tree Value Master Fund, L.P._____________ | 09/03/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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). |
(1) | The filing of this Form 3 shall not be construed as an admission that Fir Tree, Inc. ("Fir Tree") is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the ordinary shares, par value $0.01 per share (the "Ordinary Shares"), of Noble Corporation plc (the "Issuer") owned by Fir Tree Value Master Fund, L.P., a Cayman Islands exempted limited partnership ("Fir Tree Value" and together with Fir Tree, the "Reporting Persons"). Pursuant to Rule 16a-1, Fir Tree disclaims such beneficial ownership. |
(2) | Fir Tree, L.L.C., the general partner of Fir Tree Value, and Fir Tree, the investment manager of Fir Tree Value, hold indirectly the Ordinary Shares through the account of Fir Tree Value; Jeffrey Tannenbaum, the principal of Fir Tree, L.L.C. and Fir Tree, at the time of the transaction, controlled the disposition and voting of the Ordinary Shares. Fir Tree, L.L.C. receives a performance-based allocation and Fir Tree receives an asset-based fee from Fir Tree Value |
(3) | Options are exercisable at any time. |
(4) | Cash-settled equity swap. Swaps are not counted for purposes of determining 10% beneficial ownership. These contracts do not give the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the Issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the Issuer. Accordingly, the Reporting Persons disclaim any beneficial ownership in securities that may be referenced in such contracts or that may be held from time to time by any counterparties to the contracts |
(5) | Fir Tree Value has the right to terminate and close out each total return swap at any time. |
(6) | Upon settlement of the various swap agreements, either (i) the counterparty will pay to Fir Tree Value in cash an amount determined in part by reference to any increase between the initial reference price set forth in column 4 of Table II and the market value of a notional number of shares of Common Stock on the applicable expiration date as set forth in Table II or (ii) Fir Tree Value will pay to the counterparty in cash an amount determined in part by reference to any decrease between the initial reference price set forth in column 4 of Table II and the market value of the reference shares on the applicable expiration date listed in Table II. |