SEC Form 4 · accession 0001179110-19-001715
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 7, 2019
Accepted (ET)
Feb 11, 2019 · 8:00 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 | Feb 7, 2019 | M | 51,724 | $0.00 | A | 126,750 | D | |
| Registered SharesF2 | Feb 7, 2019 | F | 20,897 | $0.00 | D | 105,853 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3 | $8.35 | Feb 7, 2019 | A | 82,716 | A | — | Feb 7, 2029 | Registered Shares | 82,716 | 82,716 | D |
| Deferred UnitsF4 | $0.00 | Feb 7, 2019 | A | 38,594 | A | — | — | Registered Shares | 38,594 | 38,594 | D |
Explanation of responses
- F1Deferred Units awarded on February 11, 2016 vested on February 7, 2019 upon satisfaction of the applicable performance measures pursuant to the Issuer's 2016-2018 performance cycle.
- F2Shares withheld upon vesting to satisfy tax withholding obligations.
- F3On February 7, 2019, the reporting person was awarded 82,716 stock options which vest as follows: 27,572 on February 7, 2020; 27,572 on February 7, 2021; and 27,572 on February 7, 2022.
- F4The Deferred Units were acquired on February 7, 2019, by the reporting person pursuant to the Issuer's long-term incentive plan, and vest as follows: 12,864 on March 1, 2020; 12,865 on March 1, 2021; and 12,865 on March 1, 2022.