SEC Form 4 · accession 0001594590-16-000208

PARAGON OFFSHORE PLC · PGN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — SVP: Special Projects

Period of report

Mar 10, 2016

Accepted (ET)

Mar 14, 2016 · 7:52 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 share^F1	Mar 10, 2016	M	48,256	—	A	103,590	D
Ordinary Shares of the Issuer, par value $0.01 per share	Mar 10, 2016	F	15,756	$0.29	D	87,834	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1	—	Mar 10, 2016	M	48,256	D	—	—	Ordinary Shares of the Issuer, par value $0.01 per share	48,256	96,513	D
Restricted Stock Units^F2	—	holding	—	—	—	—	—	Ordinary Shares of the Issuer, par value $0.01 per share	82,160	82,160	D

F1Restricted 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. The vesting of these restricted stock units was delayed due to the Issuer's commencement of proceedings under chapter 11 of the United States Bankruptcy Code.
F2Restricted 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 year two and three beginning on the first anniversary of the grant date.