PARAGON OFFSHORE PLC 4
4 · PARAGON OFFSHORE PLC · Filed May 23, 2016
Insider Transaction Report
Form 4
WEHLMANN DAVID W
Director
Transactions
- Exercise/Conversion
Ordinary Shares of the Issuer, par value $0.01 per share
2016-05-19+86,705→ 148,654 total - Tax Payment
Ordinary Shares of the Issuer, par value $0.01 per share
2016-05-19$0.36/sh−21,677$7,804→ 126,977 total - Exercise/Conversion
Restricted Stock Units
2016-05-19−86,705→ 0 total→ Ordinary Shares of the Issuer, par value $0.01 per share (86,705 underlying)
Footnotes (2)
- [F1]Restricted stock units, which are one-for-one ordinary share equivalents, acquired by the reporting person on May 1, 2015 pursuant to the Issuer's long term incentive plan and vested immediately prior to the Issuer's annual general meeting of shareholders on May 19, 2016.
- [F2]These ordinary shares were forfeited to satisfy tax obligations related to the vesting of the reporting person's restricted stock unit award.