SEC Form 4 · accession 0001594590-16-000175
PARAGON OFFSHORE PLC · PGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arnirudha Pangarkar
Officer — SVP: Special Projects
Period of report
Jan 15, 2016
Accepted (ET)
Jan 19, 2016 · 4:43 pm EST
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 | Jan 15, 2016 | M | 82,159 | — | A | 82,159 | D | |
| Ordinary Shares of the Issuer, par value $0.01 per share | Jan 15, 2016 | F | 26,825 | $0.08 | D | 55,334 | 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 UnitsF1 | — | Jan 15, 2016 | M | 82,159 | D | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | 82,159 | 82,160 | D |
| Restricted Stock UnitsF2 | — | holding | — | — | — | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | 144,769 | 144,769 | D |
Explanation of responses
- F1Restricted stock units, which are one-for-one ordinary share equivalents, acquired by the reporting person on January 15, 2015 pursuant to the Issuer's long term incentive plan and vest fifty percent in year one and twenty-five percent in years two and three beginning on the first anniversary of the grant date.
- F2Restricted stock units, which are one-for-one ordinary share equivalents, acquired by the reporting person on February 20, 2015 pursuant to the Issuer's long term incentive plan and vest in three equal annual installments beginning on the first anniversary of the grant date.