SEC Form 4 · accession 0001179110-18-001975
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A Tonnel
Officer — SVP and Corporate Controller
Period of report
Feb 8, 2018
Accepted (ET)
Feb 12, 2018 · 9:10 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 SharesF3 | Feb 8, 2018 | M | 34,704 | $0.00 | A | 82,348 | D | |
| Registered SharesF4 | Feb 12, 2018 | F | 9,831 | $9.40 | A | 75,517 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1 | $9.18 | Feb 8, 2018 | A | 62,970 | A | — | Feb 7, 2028 | Registered Shares | 62,970 | 62,970 | D |
| Deferred UnitsF2 | $0.00 | Feb 8, 2018 | A | 31,279 | A | — | — | Registered Shares | 31,279 | 31,279 | D |
Explanation of responses
- F1On February 8, 2018, the reporting person was awarded 62,970 stock options which vest as follows: 20,990 on February 7, 2019; 20,990 on February 7, 2020; and 20,990 on February 7, 2021.
- F2The Deferred Units were acquired on February 8, 2018, by the reporting person pursuant to the Issuer's long-term incentive plan, and vest as follows: 10,426 on March 1, 2019; 10,426 on March 1, 2020; and 10,427 on March 1, 2021.
- F3Deferred Units awarded on February 13, 2015 vested on February 8, 2018 upon satisfaction of the applicable performance measures pursuant to the Issuer's 2015-2017 performance cycle.
- F4Shares sold upon vesting to satisfy tax withholding obligations