Brady K. Long - 01 Mar 2022 Form 4 Insider Report for Transocean Ltd. (RIG)

Role
EVP & General Counsel
Signature
/s/ Daniel Ro-Trock By Power of Attorney
Issuer symbol
RIG
Transactions as of
01 Mar 2022
Net transactions value
-$313,014
Form type
4
Filing time
03 Mar 2022, 19:46:30 UTC
Previous filing
14 Feb 2022
Next filing
13 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Options Exercise $0 +19,202 +5.1% $0.000000 397,166 01 Mar 2022 Direct F1
transaction RIG Registered Shares Options Exercise $0 +103,896 +26% $0.000000 501,062 01 Mar 2022 Direct F2
transaction RIG Registered Shares Options Exercise $0 +96,618 +19% $0.000000 597,680 01 Mar 2022 Direct F3
transaction RIG Registered Shares Tax liability $313,014 -87,679 -15% $3.57 510,001 02 Mar 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Units, which are 1-for-1 share equivalents, acquired on February 7, 2019, pursuant to the Issuer's long-term incentive plan. One third of such restricted share units vested on March 1, 2022, resulting in the right of the reporting person to receive the registered shares.
F2 Restricted Units, which are 1-for-1 share equivalents, acquired on May 8, 2020, pursuant to the Issuer's long-term incentive plan. One third of such restricted share units vested on March 1, 2022, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 103,896 on March 1, 2023.
F3 Restricted Units, which are 1-for-1 share equivalents, acquired on February 12, 2021, pursuant to the Issuer's long-term incentive plan. One third of such restricted share units vested on March 1, 2022, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 96,618 on March 1, 2023 and 96,619 on March 1, 2024.
F4 Shares sold upon vesting to satisfy tax withholding obligations.