SEC Form 4 · accession 0001594590-15-000090
PARAGON OFFSHORE PLC · PGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas L Kelly II
Director
Period of report
May 1, 2015
Accepted (ET)
May 5, 2015 · 8:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001594590
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares of the Issuer, par value $0.01 per shareF1 | May 1, 2015 | M | 15,856 | $0.00 | A | 15,856 | D | |
| Ordinary Shares of the Issuer, par value $0.01 per shareF2 | May 1, 2015 | M | 4,573 | $0.00 | A | 20,429 | D | |
| Ordinary Shares of the Issuer, par value $0.01 per shareF3 | May 1, 2015 | M | 642 | $0.00 | A | 21,071 | D | |
| Ordinary Shares of the Issuer, par value $0.01 per shareF4 | May 1, 2015 | M | 14,666 | $0.00 | A | 35,737 | D | |
| Ordinary Shares of the Issuer, par value $0.01 per shareF5 | May 1, 2015 | M | 37,019 | $0.00 | A | 72,756 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6 | — | May 1, 2015 | A | 86,705 | A | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | 86,705 | 86,705 | D |
| Restricted Stock UnitsF1 | — | May 1, 2015 | M | 15,856 | D | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | 15,856 | 0 | D |
| Restricted Stock UnitsF2 | — | May 1, 2015 | M | 4,573 | D | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | 4,573 | 0 | D |
| Restricted Stock UnitsF3 | — | May 1, 2015 | M | 642 | D | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | 642 | 0 | D |
| Restricted Stock UnitsF4 | — | May 1, 2015 | M | 14,666 | D | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | 14,666 | 0 | D |
| Restricted Stock UnitsF5 | — | May 1, 2015 | M | 37,019 | D | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | 37,019 | 0 | D |
Explanation of responses
- F1Restricted stock units, which are one-for-one ordinary share equivalents, acquired by the reporting person on August 14, 2014 pursuant to the Issuer's long term incentive plan and vested immediately prior to the Issuer's annual general meeting of shareholders on May 1, 2015.
- F2Restricted stock units, which are one-for-one ordinary share equivalents, acquired by the reporting person on September 30, 2014 pursuant to the Issuer's long term incentive plan and vested immediately prior to the Issuer's annual general meeting of shareholders on May 1, 2015.
- F3Restricted stock units, which are one-for-one ordinary share equivalents, acquired by the reporting person on November 25, 2014 pursuant to the Issuer's long term incentive plan and vested immediately prior to the Issuer's annual general meeting of shareholders on May 1, 2015.
- F4Restricted stock units, which are one-for-one ordinary share equivalents, acquired by the reporting person on December 31, 2014 pursuant to the Issuer's long term incentive plan and vested immediately prior to the Issuer's annual general meeting of shareholders on May 1, 2015.
- F5Restricted stock units, which are one-for-one ordinary share equivalents, acquired by the reporting person on March 31, 2015 pursuant to the Issuer's long term incentive plan and vested immediately prior to the Issuer's annual general meeting of shareholders on May 1, 2015.
- F6Restricted stock units, which are one-for-one ordinary share equivalents, acquired by the reporting person on May 1, 2015 pursuant to the Issuer's long term incentive plan and vest immediately prior to the Issuer's annual general meeting of shareholders in 2016.