Key facts
- This page summarizes Howard E. Davis's Form 4 filing for Transocean Ltd. (RIG).
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 14 Feb 2022, 16:18.
Howard E. Davis - 27 Dec 2021 Form 4 Insider Report for Transocean Ltd. (RIG)
- Reporting relationship
- EVP, CAO & CIO
- Issuer ticker
- RIG
- Reported as of
- 27 Dec 2021
- Net transaction value
- -$118,718
- SEC form
- 4
- Accepted by SEC
- 14 Feb 2022, 16:18:59 UTC
- Prior SEC filing
- 11 May 2021
- Next SEC filing
- 03 Mar 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Daniel Ro-Trock By Power of Attorney
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Howard E. Davis filed Form 4 for Transocean Ltd. (RIG) on 14 Feb 2022.
Change
- Previous filing in this sequence was filed on 11 May 2021.
- Current net transaction value: -$118,718.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
RIG
transaction
Registered Shares
Gift
- Transaction value
- $0
- Shares
- -26,488
- Change %
- -7.5%
- Price
- $0.000000
- Shares after
- 328,156
- Date
- 27 Dec 2021
- Ownership
- Direct
- Footnotes
- F1
RIG
transaction
Registered Shares
Options Exercise
- Transaction value
- $0
- Shares
- +83,146
- Change %
- +25%
- Price
- $0.000000
- Shares after
- 411,302
- Date
- 10 Feb 2022
- Ownership
- Direct
- Footnotes
- F2
RIG
transaction
Registered Shares
Tax liability
- Transaction value
- $118,718
- Shares
- -32,886
- Change %
- -8%
- Price
- $3.61
- Shares after
- 378,416
- Date
- 11 Feb 2022
- Ownership
- Direct
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
RIG
transaction
Derivative
Restricted Units
Award
- Transaction value
- $0
- Shares
- +310,694
- Change %
- Price
- $0.000000
- Shares after
- 310,694
- Date
- 10 Feb 2022
- Ownership
- Direct
- Underlying class
- Registered Shares
- Underlying amount
- 310,694
- Exercise price
- $0.000000
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
This transaction involved a gift of securities by the reporting person to his children and grandchildren. The reporting person disclaims beneficial ownership of the shares held by his children and grandchildren, and this report should not be deemed an admission that the reporting person is the beneficial owner of his children's or grandchildren's shares for purposes of Section 16 or any other purpose.
Footnote F2
Deferred Units awarded on February 7, 2019, vested on February 10, 2022 upon satisfaction of the applicable performance measures pursuant to the Issuer's 2019-2021 performance cycle.
Footnote F3
Shares sold upon vesting to satisfy tax withholding obligations.
Footnote F4
The Restricted Units were acquired on February 10, 2022, by the reporting person pursuant to the Issuer's long-term incentive plan. The restricted share units vest as follows: 103,564 on March 1, 2023; 103,565 on March 1, 2024; and 103,565 on March 1, 2025.