PARAGON OFFSHORE PLC 4

4 · PARAGON OFFSHORE PLC · Filed Mar 14, 2016

Form 4

Period: 2016-03-10

President & CEO

Transactions

Exercise/Conversion
Ordinary Shares of the Issuer, par value $0.01 per share
2016-03-10+215,806→ 431,360 total
Exercise/Conversion
Ordinary Shares of the Issuer, par value $0.01 per share
2016-03-10+105,500→ 215,554 total
Exercise/Conversion
Restricted Stock Units
2016-03-10−105,500→ 105,500 total
→ Ordinary Shares of the Issuer, par value $0.01 per share (105,500 underlying)
Exercise/Conversion
Restricted Stock Units
2016-03-10−215,806→ 431,614 total
→ Ordinary Shares of the Issuer, par value $0.01 per share (215,806 underlying)

Holdings

Restricted Stock Units
→ Ordinary Shares of the Issuer, par value $0.01 per share (211,416 underlying)
211,416

Footnotes (3)

[F1]Restricted 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. 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.
[F2]Restricted 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.
[F3]Restricted stock units, which are one-for-one ordinary share equivalents, 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.

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