SEC Form 4 · accession 0001179110-18-012759
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brady K Long
Officer — EVP & General Counsel
Period of report
Nov 10, 2018
Accepted (ET)
Nov 13, 2018 · 3:06 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, 2018 | M | 17,834 | $0.00 | A | 69,468 | D | |
| Registered SharesF2 | Nov 12, 2018 | F | 7,069 | $10.75 | D | 62,399 | 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, 2018 | M | 17,834 | A | Nov 10, 2018 | — | Registered Shares | 17,834 | 0 | 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. The final one third of such restricted units vested on November 10, 2018, resulting in the delivery of registered shares to the reporting person.
- F2Shares sold upon vesting to satisfy tax withholding obligations.