SEC Form 4 · accession 0001179110-18-007341
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward R Muller
Director
Period of report
May 18, 2018
Accepted (ET)
May 22, 2018 · 4:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001451505
Table I — non-derivative securities
No Table I lines on this filing.
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 | May 18, 2018 | A | 16,141 | A | — | — | Registered Shares | 16,141 | 16,141 | D |
Explanation of responses
- F1Restricted Units, which are 1-for-1 registered share equivalents, were acquired on May 18, 2018 pursuant to the Issuer's long-term incentive plan. Restricted Units vest on the earlier of: (i) May 18, 2019; or (ii) the date of the next Annual General Meeting of the Company's shareholders following the May 18, 2018 grant date. Pursuant to the award agreement, such Restricted Units will be payable in registered shares of the Issuer following the vesting date, as defined above.