SEC Form 4 · accession 0001179110-16-025808
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark-Anthony Lovell Mey
Officer — EVP & CFO
Period of report
May 28, 2016
Accepted (ET)
Jun 1, 2016 · 4:22 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Registered SharesF1 | May 28, 2016 | M | 51,124 | $0.00 | A | 51,124 | D | |
| Registered SharesF2 | May 28, 2016 | M | 22,495 | $0.00 | A | 73,616 | D | |
| Registered Shares | May 28, 2016 | F | 31,763 | $9.85 | D | 41,856 | 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 | May 28, 2016 | M | 51,124 | A | May 28, 2016 | — | Registered Shares | 51,124 | 102,250 | D |
| Restricted UnitsF2 | $0.00 | May 28, 2016 | M | 22,495 | A | May 28, 2016 | — | Restricted Shares | 22,495 | 44,990 | D |
Explanation of responses
- F1Restricted Units, which are 1-for-1 share equivalents, acquired on May 28, 2015, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on May 28, 2016, resulting in delivery of registered shares to the reporting person. The remaining restricted units vest as follows: 51,125 on May 28, 2017 and 51,125 on May 28, 2018.
- F2Restricted Units, which are 1-for-1 share equivalents, acquired on May 28, 2015, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on May 28, 2016, resulting in delivery of registered shares to the reporting person. The remaining restricted units vest as follows: 22,495 on May 28, 2017 and 22,495 on May 28, 2018.