SEC Form 4 · accession 0001179110-17-011704
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, 2017
Accepted (ET)
Aug 21, 2017 · 5:29 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 | Aug 17, 2017 | M | 6,667 | — | A | 21,793 | D | |
| Registered SharesF2 | Aug 17, 2017 | F | 1,841 | $7.32 | D | 19,952 | D | |
| Registered Shares | Aug 17, 2017 | P | 5,500 | $7.32 | A | 25,452 | D | |
| Registered Shares | Aug 17, 2017 | P | 14,500 | $7.32 | A | 39,952 | D | |
| Registered Shares | Aug 17, 2017 | P | 20,000 | $7.32 | A | 20,000 | I | By IRA |
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, 2017 | M | 6,667 | A | Aug 17, 2017 | — | Registered Shares | 6,667 | 6,667 | D |
Explanation of responses
- F1Deferred Units, which are 1-for-1 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, 2017, resulting in delivery of registered shares to the reporting person.
- F2Shares sold upon vesting to satisfy tax withholding obligations.