SEC Form 4 · accession 0001179110-17-003799
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
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 2:40 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, 2017 | M | 19,157 | $0.00 | A | 61,013 | D | |
| Registered SharesF2 | Mar 2, 2017 | F | 8,319 | $13.60 | D | 52,694 | 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, 2017 | M | 19,157 | A | Mar 1, 2017 | — | Registered Shares | 19,157 | 38,314 | D |
Explanation of responses
- F1Restricted Units, which are 1-for-1 equivalents, acquired on February 11, 2016, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2017, resulting in delivery of registered shares to the reporting person.
- F2Shares sold upon vesting to satisfy tax withholding obligations.