SEC Form 4/A · accession 0001594590-16-000190
PARAGON OFFSHORE PLC · PGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Steven A Manz
Officer — SVP and CFO
Period of report
Apr 25, 2015
Accepted (ET)
Feb 12, 2016 · 8:29 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 | Apr 25, 2015 | M | 26,024 | $0.00 | A | 26,024 | D | |
| Ordinary Shares of the Issuer, par value $0.01 per share | Apr 25, 2015 | F | 7,118 | $1.69 | D | 18,906 | 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 UnitsF2 | — | Apr 25, 2015 | M | 26,024 | D | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | 26,024 | 52,048 | D |
| Restricted Stock UnitsF3 | — | holding | — | — | — | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | — | 71,353 | D |
| Restricted Stock UnitsF4 | — | holding | — | — | — | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | — | 200,790 | D |
Explanation of responses
- F1This amendment is filed to correct the number of ordinary shares of the Issuer held by the Reporting Person on April 25, 2015 following the vesting of 26,024 restricted stock units. The Reporting Person owned no ordinary shares of the Issuer prior to this vesting.
- F2Restricted stock units, which are one-for-one ordinary share equivalents, previously reported on Table I and acquired by the reporting person on August 14, 2014 pursuant to to anti-dilution provisions set forth in the Issuer's long term incentive plan in connection with the previously announced pro-rata distribution of 100% of the outstanding ordinary shares of the Issuer to the shareholders of Noble Corporation plc.
- F3Restricted stock units, which are one-for-one ordinary share equivalents, previously reported on Table I and acquired by the reporting person on August 14, 2014 pursuant to the Issuer's long term incentive plan and vest on the third anniversary of the grant date.
- F4Restricted 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.