SEC Form 4 · accession 0001179110-19-003325
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
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 5:49 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 | Mar 1, 2019 | M | 14,368 | $0.00 | A | 79,100 | D | |
| Registered SharesF3 | Mar 1, 2019 | M | 12,946 | $0.00 | A | 92,046 | D | |
| Restricted SharesF4 | Mar 1, 2019 | M | 16,729 | $0.00 | A | 108,775 | D | |
| Registered SharesF5 | Mar 1, 2019 | F | 10,726 | $0.00 | D | 98,049 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted UnitsF3 | $0.00 | Mar 1, 2019 | M | 12,946 | A | Mar 1, 2019 | — | Registered Shares | 12,946 | 12,946 | D |
| Restricted UnitsF4 | $0.00 | Mar 1, 2019 | M | 16,729 | A | Mar 1, 2019 | — | Registered Shares | 16,729 | 33,458 | 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.
- F2Restricted Units, which are 1-for-1 share equivalents, acquired on February 11, 2016, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2019, resulting in the right of the reporting person to receive the registered shares.
- F3Restricted Units, which are 1-for-1 share equivalents, acquired on February 10, 2017, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2019, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 12,946 on March 1, 2020.
- F4Restricted Units, which are 1-for-1 share equivalents, acquired on February 8, 2018, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2019, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 16,729 on March 1, 2020, and 16,729 on March 1, 2021.
- F5Shares withheld upon vesting to satisfy tax withholding obligations.