David A. Tonnel - Mar 1, 2022 Form 4 Insider Report for Transocean Ltd. (RIG)

Role
SVP and Corporate Controller
Signature
/s/ Daniel Ro-Trock By Power of Attorney
Stock symbol
RIG
Transactions as of
Mar 1, 2022
Transactions value $
-$209,723
Form type
4
Date filed
3/3/2022, 07:51 PM
Previous filing
Feb 14, 2022
Next filing
Jan 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Options Exercise $0 +12.9K +5.14% $0.00 263K Mar 1, 2022 Direct F1
transaction RIG Registered Shares Options Exercise $0 +69.6K +26.43% $0.00 333K Mar 1, 2022 Direct F2
transaction RIG Registered Shares Options Exercise $0 +64.7K +19.44% $0.00 398K Mar 1, 2022 Direct F3
transaction RIG Registered Shares Tax liability -$210K -58.7K -14.77% $3.57 339K Mar 2, 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 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 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: 69,611 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 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: 67,734 on March 1, 2023 and 67,735 on March 1, 2024.
F4 Shares sold upon vesting to satisfy tax withholding obligations.