X0306 4 2014-08-14 0 0001594590 PARAGON OFFSHORE PLC PGN 0001281104 STILLEY RANDALL D 3151 BRIARPARK DRIVE, SUITE 700 HOUSTON TX 77042 1 1 0 0 See Remarks Ordinary Shares 2014-08-14 4 A 0 211416 0.00 A 527915 D Includes 316,499 restricted stock units, which are one-for-one ordinary share equivalents and may be settled solely by delivery of an equal number of ordinary shares of the Issuer, issued to the reporting person on August 14, 2014 pursuant to to anti-dilution provisions set forth in the Issuer's 2014 Employee Omnibus 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. President, Chief Executive Officer and Director /s/ Ryan Tarkington by Power of Attorney 2014-08-18