Howard E. Davis - Dec 27, 2021 Form 4 Insider Report for Transocean Ltd. (RIG)

Role
EVP, CAO & CIO
Signature
/s/ Daniel Ro-Trock By Power of Attorney
Stock symbol
RIG
Transactions as of
Dec 27, 2021
Transactions value $
-$118,718
Form type
4
Date filed
2/14/2022, 04:18 PM
Previous filing
May 11, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Gift $0 -26.5K -7.47% $0.00 328K Dec 27, 2021 Direct F1
transaction RIG Registered Shares Options Exercise $0 +83.1K +25.34% $0.00 411K Feb 10, 2022 Direct F2
transaction RIG Registered Shares Tax liability -$119K -32.9K -8% $3.61 378K Feb 11, 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RIG Restricted Units Award $0 +311K $0.00 311K Feb 10, 2022 Registered Shares 311K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.
F3 Shares sold upon vesting to satisfy tax withholding obligations.
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.