Noble Corp (NE) Spinoff of Paragon (PGN)

On August 1st, 2014, Noble Corporation plc (NE) completed a the spinoff of Paragon Offshore plc (PGN)

This is a standard spinoff transaction. For more about the basic steps on entering a spinoff, see: https://www.iclub.com/faq/Home/Article?id=54

Information used to determine the steps listed below, was taken from a Cost basis allocation PDF posted in the Investor Relations area of the Noble Corp web site.

• Transaction Date: August 1st
• Parent Company: Noble Corp (NE)
• Old Security Price Per Share or Remaining Basis Percentage: While the average price per share from 08/04 (26.82) can be used, we suggest to choose Remaining Basis Percentage instead, and enter 87.685.
• Shares of Paragon (PGN): [# of shares of NE divided by 3]. Don't forget to include fractional shares!
• Price per share of Paragon: 11.30 - Don't forget to include this; not entering a price for the new stock will result in it not showing up on your club reports.
• Cash in lieu - enter any cash for fractional shares