SEC Form 4 · accession 0001179110-16-020852
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A Tonnel
Officer — SVP, Controller & Supply Chain
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 | 2,557 | $0.00 | A | 27,259 | D | |
| Registered SharesF2 | Mar 1, 2016 | M | 3,887 | $0.00 | A | 31,146 | D | |
| Registered SharesF3 | Mar 1, 2016 | M | 7,307 | $0.00 | A | 38,453 | D | |
| Registered SharesF4 | Mar 1, 2016 | F | 6,011 | $8.81 | D | 32,442 | 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 | 2,557 | D | Mar 1, 2016 | — | Registered Shares | 2,557 | 0 | D |
| Restricted UnitsF2 | $0.00 | Mar 1, 2016 | M | 3,887 | D | Mar 1, 2016 | — | Registered Shares | 3,887 | 3,887 | D |
| Restricted UnitsF3 | $0.00 | Mar 1, 2016 | M | 7,307 | D | Mar 1, 2016 | — | Registered Shares | 7,307 | 14,616 | D |
Explanation of responses
- F1Restricted Units, which are 1-for-1 share equivalents, acquired on February 14, 2013, pursuant to the Issuer's long-term incentive plan. One third of such restrictive units vested on March 1, 2016, resulting in delivery of registered shares to the reporting person.
- F2Restricted Units, which are 1-for-1 share equivalents, acquired on February 13, 2014, pursuant the the Issuer's long-term incentive plan. One third of such restrictive units vested on March 1, 2016, resulting in delivery of registered shares to the reporting person.
- F3Restricted Units, which are 1-for-1 share equivalents, acquired on February 13, 2015, pursuant to the Issuer's long-term incentive plan. One third of such restrictive units vested on March 1, 2016, resulting in delivery of registered shares to the reporting person.
- F4Shares sold upon vesting to satisfy tax witholding obligations.