SEC Form 4 · accession 0001179110-18-003457
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John B Stobart
Officer — EVP & COO
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 4:53 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 | Mar 1, 2018 | M | 18,353 | — | A | 153,900 | D | |
| Registered SharesF2 | Mar 1, 2018 | M | 19,244 | — | A | 173,144 | D | |
| Registered SharesF3 | Mar 1, 2018 | M | 16,317 | — | A | 189,461 | D | |
| Registered SharesF4 | Mar 2, 2018 | F | 21,636 | $9.20 | D | 167,825 | 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 | Mar 1, 2018 | M | 18,353 | A | Mar 1, 2018 | — | Registered Shares | 18,353 | 0 | D |
| Restricted UnitsF2 | $0.00 | Mar 1, 2018 | M | 19,244 | A | Mar 1, 2018 | — | Registered Shares | 19,244 | 19,244 | D |
| Restricted UnitsF3 | $0.00 | Mar 1, 2018 | M | 16,317 | A | Mar 1, 2018 | — | Registered Shares | 16,317 | 32,635 | D |
Explanation of responses
- F1Restricted Units, which are 1-for-1 share equivalents, acquired on February 13, 2015, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2018, resulting in delivery of registered shares to the reporting person.
- F2Restricted Units, which are 1-for-1 share equivalents, acquired on February 11, 2016, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2018, resulting in delivery of registered shares to the reporting person. The remaining restricted units vest as follows: 19,244 on March 1, 2019.
- F3Restricted Units, which are 1-for-1 share equivalents, acquired on February 11, 2016, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2018, resulting in delivery of registered shares to the reporting person. The remaining restricted units vest as follows: 16,317 on March 1, 2019 and 16,318 on March 1, 2020.
- F4Shares sold upon vesting to satisfy tax withholding obligations.