SEC Form 4 · accession 0001179110-16-031701
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard E Davis
Officer — EVP, CAO & CIO
Period of report
Aug 17, 2016
Accepted (ET)
Nov 16, 2016 · 4:51 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 | Aug 17, 2016 | M | 6,666 | $0.00 | A | 6,666 | D | |
| Registered Shares | Aug 17, 2016 | F | 1,838 | $10.11 | D | 4,828 | 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 | Aug 17, 2016 | M | 6,666 | A | Aug 17, 2016 | — | Registered Shares | 6,666 | 13,334 | D |
Explanation of responses
- F1Restricted Units, which are 1-for-1 share equivalents, acquired on August 17, 2015, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on August 17, 2016, resulting in delivery of registered shares to the reporting person. The remaining restricted units vest as follows: 6,667 on August 17, 2017 and 6,667 on August 17, 2018.