SEC Form 4 · accession 0001594590-16-000247
PARAGON OFFSHORE PLC · PGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alejandra Veltmann
Officer — VP - CAO
Period of report
Jun 1, 2016
Accepted (ET)
Jun 2, 2016 · 4:07 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 | Jun 1, 2016 | M | 15,625 | — | A | 15,625 | D | |
| Ordinary Shares of the Issuer, par value $0.01 per shareF2 | Jun 1, 2016 | F | 5,102 | $0.66 | D | 10,523 | 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 | — | Jun 1, 2016 | M | 15,625 | D | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | 15,625 | 31,250 | D |
Explanation of responses
- F1Restricted stock units, which are one-for-one ordinary share equivalents, acquired by the reporting person on June 1, 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.
- F2These shares were forfeited to satisfy tax obligations related to the vesting of the reporting person's restricted stock unit award.