SEC Form 4 · accession 0001179110-17-006183
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeremy D Thigpen
Officer — President & CEO · Director
Period of report
Apr 22, 2017
Accepted (ET)
Apr 25, 2017 · 4:14 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 | Apr 22, 2017 | M | 54,183 | $0.00 | A | 145,245 | D | |
| Registered SharesF2 | Apr 22, 2017 | M | 59,601 | $0.00 | A | 204,846 | D | |
| Registered SharesF3 | Apr 24, 2017 | F | 48,062 | $11.46 | D | 156,784 | 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 | Apr 22, 2017 | M | 54,183 | A | Apr 22, 2017 | — | Restricted Shares | 54,183 | 54,183 | D |
| Restricted UnitsF2 | $0.00 | Apr 22, 2017 | M | 59,601 | A | Apr 22, 2017 | — | Restricted Shares | 59,601 | 59,602 | D |
Explanation of responses
- 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, 2017, resulting in delivery of registered shares to the reporting person. The remaining units vest as follows: 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, 2017, resulting in delivery of registered shares to the reporting person. The remaining units vest as follows: 59,602 on April 22, 2018.
- F3Shares sold upon vesting to satisfy tax withholding obligations.