SEC Form 4 · accession 0001594590-17-000011
PARAGON OFFSHORE PLC · PGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee Michael Ahlstrom
Officer — SVP & CFO
Period of report
Jan 29, 2017
Accepted (ET)
Jan 31, 2017 · 5:01 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 29, 2017 | M | 8,602 | — | A | 74,433 | D | |
| Ordinary Shares of the Issuer, par value $0.01 per shareF2 | Jan 29, 2017 | F | 2,809 | $0.07 | D | 71,624 | 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 29, 2017 | M | 8,602 | D | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | 8,602 | 0 | D |
| Restricted Stock UnitsF3 | — | holding | — | — | — | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | 96,514 | 96,514 | D |
| Restricted Stock UnitsF4 | — | holding | — | — | — | — | — | Ordinary Shares of the Issuer, par value $0.01 per share | 63,424 | 63,424 | 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 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.
- F2These shares were forfeited to satisfy tax obligations related to the vesting of reporting person's restricted stock unit award.
- F3Restricted 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.
- F4Restricted 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.