SEC Form 4 · accession 0001451505-15-000090
Transocean Ltd. · RIG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vanessa C L Chang
Director
Period of report
May 15, 2015
Accepted (ET)
May 19, 2015 · 3:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001451505
Table I — non-derivative securities
No Table I lines on this filing.
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 | May 15, 2015 | A | 10,836 | A | — | — | Registered Shares | 10,836 | 10,836 | D |
Explanation of responses
- F1Deferred Units, which are 1-for-1 registered share equivalents, were acquired on May 15, 2015 pursuant to the issuer's long-term incentive plan. Deferred Units vest on the earlier of: (i) May 15, 2016; or (ii) the date of the next Annual General Meeting of the Company's shareholders following the May 15, 2015 grant date. Pursuant to the award agreement, such Deferred Units will be payable in registered shares of the issuer following the vesting date, as defined above.