SEC Form 4 · accession 0001179110-16-023320

Transocean Ltd. · RIG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President & CEO · Director

Period of report

Apr 22, 2016

Accepted (ET)

Apr 26, 2016 · 3:43 pm EDT

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
Registered Shares^F1	Apr 22, 2016	M	54,183	$0.00	A	54,183	D
Registered Shares^F2	Apr 22, 2016	M	59,601	$0.00	A	113,784	D
Registered Shares^F3	Apr 22, 2016	F	48,587	$10.62	D	65,197	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Units^F1	$0.00	Apr 22, 2016	M	54,183	A	Apr 22, 2016	—	Restricted Shares	54,183	108,366	D
Restricted Units^F2	$0.00	Apr 22, 2016	M	59,601	A	Apr 22, 2016	—	Registered Shares	59,601	119,203	D

F1Restricted units, which are 1-for-1 share equivalents, acquired on April 22, 2015, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on April 22, 2016, resulting in delivery of registered shares to the reporting person. The remaining restricted units vest as follows: 54,183 on April 22, 2017 and 54,183 on April 22, 2018.
F2Restricted units, which are 1-for-1 share equivalents, acquired on April 22, 2015, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on April 22, 2016, resulting in delivery of registered shares to the reporting person. The remaining restricted units vest as follows: 59,601 on April 22, 2017 and 59,602 on April 22, 2018.
F3Shares sold upon vesting to satisify tax witholding obligations.