Perestroika - 15 Jun 2021 Form 4 Insider Report for Transocean Ltd. (RIG)

Role
Director, 10%+ Owner
Signature
Daniel Ro-Trock By Power of Attorney
Issuer symbol
RIG
Transactions as of
15 Jun 2021
Net transactions value
+$20,910,000
Form type
4
Filing time
17 Jun 2021, 18:31:07 UTC
Next filing
21 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Purchase $12,510,000 +3,000,000 +4.4% $4.17 70,740,354 15 Jun 2021 Direct F1, F3
transaction RIG Registered Shares Purchase $8,400,000 +2,000,000 +2.8% $4.20 72,740,354 16 Jun 2021 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.02 to $4.255, inclusive. The reporting person undertakes to provide Transocean Ltd. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.09 to $4.29, inclusive.
F3 These securities are held directly by Perestroika AS. Mr. Frederik Mohn is a sole director and owner of Perestroika AS and is the beneficial owner of all securities owned by Perestroika AS.

Remarks:

Perestroika (Cyprus) Ltd. is a wholly owned subsidiary of Perestroika AS. Due to Perestroika (Cyprus) Ltd.'s designation of a member of the board of directors of the Company, each of Perestroika (Cyprus) Ltd. and Perestroika AS, as its sole owner, may be deemed to be a director of the Company by deputization.