SEC Form 4 · accession 0001179110-19-001717
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard E Davis
Officer — EVP, CAO & CIO
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 | Aug 17, 2017 | J | 20,000 | $7.32 | A | 20,000 | I | By IRA |
| Registered SharesF2 | Feb 7, 2019 | M | 86,207 | $0.00 | A | 86,207 | D | |
| Registered SharesF3 | Feb 7, 2019 | F | 21,475 | $0.00 | D | 64,732 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF4 | $8.35 | Feb 7, 2019 | A | 132,716 | A | — | Feb 7, 2029 | Registered Shares | 132,716 | 132,716 | D |
| Deferred UnitsF5 | $0.00 | Feb 7, 2019 | A | 61,924 | A | — | — | Registered Shares | 61,924 | 61,924 | D |
Explanation of responses
- F1As previously reported on August 17, 2017, the reporting person indirectly owns 20,000 registered shares through an Individual Retirement Account.
- F2Deferred 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.
- F3Shares withheld upon vesting to satisfy tax withholding obligations.
- F4On February 7, 2019, the reporting person was awarded 132,716 stock options which vest as follows: 44,238 on February 7, 2020; 44,239 on February 7, 2021; and 44,239 on February 7, 2022.
- F5The 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: 20,641 on March 1, 2020; 20,641 on March 1, 2021; and 20,642 on March 1, 2022.