SEC Form 4 · accession 0001179110-19-001720
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark-Anthony Lovell Mey
Officer — EVP & CFO
Period of report
Feb 7, 2019
Accepted (ET)
Feb 11, 2019 · 8:01 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 | 114,943 | $0.00 | A | 338,259 | D | |
| Registered SharesF2 | Feb 7, 2019 | F | 45,600 | $0.00 | D | 292,659 | 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 | 166,667 | A | — | Feb 7, 2029 | Registered Shares | 166,667 | 166,667 | D |
| Deferred UnitsF4 | $0.00 | Feb 7, 2019 | A | 77,765 | A | — | — | Registered Shares | 77,765 | 77,765 | 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 166,667 stock options which vest as follows: 55,555 on February 7, 2020; 55,556 on February 7, 2021; and 55,556 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: 25,921 on March 1, 2020; 25,922 on March 1, 2021; and 25,922 on March 1, 2022.