SEC Form 4 · accession 0001179110-19-003330
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeremy D Thigpen
Officer — President & CEO · Director
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 5:56 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 | Mar 1, 2019 | M | 45,716 | $0.00 | A | 642,117 | D | |
| Registered SharesF2 | Mar 1, 2019 | M | 37,632 | $0.00 | A | 679,749 | D | |
| Registered SharesF3 | Mar 1, 2019 | M | 54,466 | $0.00 | A | 734,215 | D | |
| Registered SharesF4 | Mar 1, 2019 | F | 54,232 | $0.00 | D | 679,983 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted UnitsF2 | $0.00 | Mar 1, 2019 | M | 37,633 | A | Mar 1, 2019 | — | Registered Shares | 37,633 | 37,633 | D |
| Restricted UnitsF3 | $0.00 | Mar 1, 2019 | M | 54,466 | A | Mar 1, 2019 | — | Registered Shares | 54,466 | 108,933 | D |
Explanation of responses
- F1Restricted 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.
- F2Restricted 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: 37,633 on March 1, 2020.
- F3Restricted 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: 54,466 on March 1, 2020 and 54,467 on March 1, 2021.
- F4Shares withheld upon vesting to satisfy tax withholding obligations.