SEC Form 4 · accession 0001451505-15-000036
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A Tonnel
Officer — SVP, Finance & Controller
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 6:45 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 2, 2015 | M | 3,148 | $0.00 | A | 21,311 | D | |
| Registered SharesF2 | Mar 2, 2015 | M | 2,557 | $0.00 | A | 23,868 | D | |
| Registered SharesF3 | Mar 2, 2015 | M | 3,886 | $0.00 | A | 27,754 | D | |
| Registered SharesF4 | Mar 2, 2015 | F | 4,039 | $0.00 | D | 23,715 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred UnitsF1 | $0.00 | Mar 2, 2015 | M | 3,148 | D | Mar 2, 2015 | — | Registered Shares | 3,148 | 0 | D |
| Deferred UnitsF2 | $0.00 | Mar 2, 2015 | M | 2,557 | D | Mar 2, 2015 | — | Registered Shares | 2,557 | 2,557 | D |
| Deferred UnitsF3 | $0.00 | Mar 2, 2015 | M | 3,886 | D | Mar 2, 2015 | — | Registered Shares | 3,886 | 7,774 | D |
Explanation of responses
- F1Deferred Units, which are 1-for-1 share equivalents, acquired on February 17, 2012, pursuant to the Issuer's long-term incentive plan. One third of such deferred units vested on March 1, 2015, resulting in delivery of registered shares to the reporting person.
- F2Deferred Units, which are 1-for-1 share equivalents, acquired on February 14, 2013, pursuant to the Issuer's long-term incentive plan. One third of such deferred units vested on March 1, 2015, resulting in delivery of registered shares to the reporting person.
- F3Deferred Units, which are 1-for-1 share equivalents, acquired on February 13, 2014, pursuant to the Issuer's long-term incentive plan. One third of such deffered units vested on March 1, 2015, resulting in delivery of registered shares to the reporting person.
- F4Shares sold upon vesting to satisfy tax withholding obligations.