SEC Form 4 · accession 0001179110-16-032908
Transocean Partners LLC · RIGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Transocean Partners LLC
10% Owner
Period of report
Dec 9, 2016
Accepted (ET)
Dec 13, 2016 · 6:49 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001607250
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1 | Dec 9, 2016 | P$0 | 19,782,315 | — | A | 21,254,310 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of August 31, 2016, as amended on November 21, 2016, by and among Transocean Ltd. ("Transocean"), Transocean Partners Holdings Limited ("TPHL"), TPHL Holdings, LLC, a wholly owned subsidiary of TPHL ("Merger Sub"), and Transocean Partners LLC ("Transocean Partners"), Transocean Partners merged with Merger Sub (the "Merger), with Transocean Partners surviving the Merger as a wholly owned subsidiary of TPHL. Upon the December 9, 2016 closing of the Merger, TPHL delivered to the Transocean Partners common unitholders 1.2000 Transocean shares for each issued and outstanding Transocean Partners common unit not owned by TPHL. All of Transocean Partners' common units not owned by TPHL were cancelled in the Merger. As a result of the Merger, TPHL became the sole owner of Transocean Partners.