SEC Form 4 · accession 0001179110-16-020851
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John B Stobart
Officer — EVP & COO
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 4:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001451505
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Registered SharesF1 | Mar 1, 2016 | M | 4,794 | $0.00 | A | 22,992 | D | |
| Registered SharesF2 | Mar 1, 2016 | M | 1,254 | $0.00 | A | 24,246 | D | |
| Registered SharesF3 | Mar 1, 2016 | M | 8,303 | $0.00 | A | 32,549 | D | |
| Registered SharesF4 | Mar 1, 2016 | M | 2,740 | $0.00 | A | 35,289 | D | |
| Registered SharesF5 | Mar 1, 2016 | M | 15,612 | $0.00 | A | 50,901 | D | |
| Registered SharesF6 | Mar 1, 2016 | F | 13,635 | $8.81 | D | 37,266 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted UnitsF1 | $0.00 | Mar 1, 2016 | M | 4,794 | D | Mar 1, 2016 | — | Registered Shares | 4,794 | 0 | D |
| Restricted UnitsF2 | $0.00 | Mar 1, 2016 | M | 1,254 | D | Mar 1, 2016 | — | Registered Shares | 1,254 | 1,255 | D |
| Restricted UnitsF3 | $0.00 | Mar 1, 2016 | M | 8,303 | D | Mar 1, 2016 | — | Registered Shares | 8,303 | 8,304 | D |
| Restricted UnitsF4 | $0.00 | Mar 1, 2016 | M | 2,704 | D | Mar 1, 2016 | — | Registered Shares | 2,704 | 5,481 | D |
| Restricted UnitsF5 | $0.00 | Mar 1, 2016 | M | 15,612 | D | Mar 1, 2016 | — | Registered Shares | 15,612 | 31,224 | D |
Explanation of responses
- F1Restricted Units, which are 1-for-1 equivalents, acquired on February 14, 2013, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2016, resulting in delivery of registered shares to the reporting person.
- F2Restricted Units, which are 1-for-1 equivalents, acquired on February 13, 2014, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2016, resulting in delivery of registered shares to the reporting person.
- F3Restricted Units, which are 1-for-1 equivalents, acquired on February 13, 2014, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2016, resulting in delivery of registered shares to the reporting person.
- F4Restricted Units, which are1-for-1 equivalents, acquired on February 13, 2015, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2016, resulting in delivery of registered shares to the reporting person.
- F5Restricted Units, which are 1-for-1 equivalents, acquired on February 13, 2015, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2016, resulting in deliveryof registered shares to the reporting person.
- F6Shares sold upon vesting to satisify tax witholding obligations.