SEC Form 4 · accession 0001179110-17-003803
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terry Bonno
Officer — SVP, Marketing
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 2:41 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 | 3,887 | $0.00 | A | 37,365 | D | |
| Registered SharesF2 | Mar 1, 2017 | M | 8,221 | $0.00 | A | 45,586 | D | |
| Registered SharesF3 | Mar 1, 2017 | M | 8,620 | $0.00 | A | 54,206 | D | |
| Registered SharesF4 | Mar 2, 2017 | F | 5,870 | $13.60 | D | 48,336 | 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 | 3,887 | A | Mar 1, 2017 | — | Registered Shares | 3,887 | 0 | D |
| Restricted UnitsF2 | $0.00 | Mar 1, 2017 | M | 8,221 | A | Mar 1, 2017 | — | Registered Shares | 8,221 | 8,222 | D |
| Restricted UnitsF3 | $0.00 | Mar 1, 2017 | M | 8,620 | A | Mar 1, 2017 | — | Registered Shares | 8,620 | 17,242 | D |
Explanation of responses
- F1Restricted Units, which are 1-for-1 equivalents, acquired on February 13, 2014, 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.
- F2Restricted Units, which are 1-for-1 equivalents, acquired on February 13, 2015, 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
- F3Restricted 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.
- F4Shares sold upon vesting to satisfy tax withholding obligations.