David A. Tonnel - Feb 10, 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
Feb 10, 2022
Transactions value $
-$73,994
Form type
4
Date filed
2/14/2022, 04:19 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 Options Exercise $0 +51.8K +23.65% $0.00 271K Feb 10, 2022 Direct F1
transaction RIG Registered Shares Tax liability -$74K -20.5K -7.56% $3.61 250K Feb 11, 2022 Direct F2

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 +213K $0.00 213K Feb 10, 2022 Registered Shares 213K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Shares sold upon vesting to satisfy tax withholding obligations.
F3 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: 71,002 on March 1, 2023; 71,002 on March 1, 2024; and 71,002 on March 1, 2025.