Dominic A. Savarino - May 12, 2022 Form 4 Insider Report for DIAMOND OFFSHORE DRILLING, INC. (DO)

Role
Senior Vice President and CFO
Signature
/s/ Terence W. Waldorf, Attorney-in-Fact for Dominic A. Savarino
Stock symbol
DO
Transactions as of
May 12, 2022
Transactions value $
$0
Form type
4
Date filed
5/16/2022, 11:58 AM
Previous filing
Apr 5, 2022
Next filing
Jul 6, 2022

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 DO Restricted Stock Units Award $0 +36.8K $0.00 36.8K May 12, 2022 Common Stock 36.8K Direct F1, F2
transaction DO Restricted Stock Units Award $0 +85.8K $0.00 85.8K May 12, 2022 Common Stock 85.8K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of common stock.
F2 The restricted stock units vest in three equal annual installments on May 12, 2023, May 12, 2024 and May 12, 2025.
F3 The restricted stock units vest based on the level of the highest 30 consecutive trading day volume-weighted average price of the common stock of the issuer achieved during the three-year period commencing on the grant date (unless terminated earlier in connection with a "change in control" (as defined in the award agreement)).