SEC Form 4 · accession 0001179110-18-001985
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
Feb 8, 2018
Accepted (ET)
Feb 12, 2018 · 9:14 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 | 178,804 | $0.00 | A | 335,588 | D | |
| Registered SharesF3 | Feb 8, 2018 | M | 104,243 | $0.00 | A | 439,831 | D | |
| Registered SharesF4 | Feb 12, 2018 | F | 117,478 | $9.40 | D | 322,353 | 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 | 328,947 | A | — | Feb 7, 2028 | Registered Shares | 328,947 | 328,947 | D |
| Deferred UnitsF2 | $0.00 | Feb 8, 2018 | A | 163,399 | A | — | — | Registered Shares | 163,399 | 163,399 | D |
| Deferred UnitsF3 | $0.00 | Feb 8, 2018 | M | 178,804 | D | Feb 8, 2018 | — | Registered Shares | 178,804 | 0 | D |
Explanation of responses
- F1On February 8, 2018, the reporting person was awarded 328,947 stock options which vest as follows: 109,649 on February 7, 2019; 109,649 on February 7, 2020; 109,649 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: 54,466 on March 1, 2019; 54,466 on March 1, 2020; and 54,467 on March 1, 2021.
- F3Deferred Units awarded on April 22, 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.