SEC Form 4 · accession 0001179110-17-014091
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brady K Long
Officer — SVP & General Counsel
Period of report
Nov 10, 2017
Accepted (ET)
Nov 14, 2017 · 1:37 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 | Nov 10, 2017 | M | 17,833 | $0.00 | A | 38,912 | D | |
| Registered Shares | Nov 13, 2017 | F | 4,918 | $11.51 | D | 33,994 | 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 | Nov 10, 2017 | M | 17,833 | A | Nov 10, 2017 | — | Registered Shares | 17,833 | 17,834 | D |
Explanation of responses
- F1Restricted Units, which are 1-for-1 share equivalents, acquired on November 10, 2015, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on November 10, 2017, resulting in delivery of registered shares to the reporting person. The remaining restricted units vest as follows: 17,834 on November 10, 2018.