Bernie G. Wolford - 12 May 2023 Form 4 Insider Report for DIAMOND OFFSHORE DRILLING, INC.

Role
President and CEO, Director
Signature
/s/ Terence W. Waldorf Attorney-in-Fact for Bernie G. Wolford
Issuer symbol
N/A
Transactions as of
12 May 2023
Net transactions value
-$178,714
Form type
4
Filing time
16 May 2023, 09:37:29 UTC
Previous filing
03 Mar 2023
Next filing
17 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DO Common Stock Options Exercise +39,219 +5.7% 728,151 12 May 2023 Direct F1
transaction DO Common Stock Tax liability $178,714 -15,433 -2.1% $11.58 712,718 12 May 2023 Direct

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 Options Exercise $0 -39,219 -33% $0.000000 78,436 12 May 2023 Common Stock 39,219 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 On May 16, 2022, the reporting person filed a Form 4 that reported that he was granted 116,769 restricted stock units on May 12, 2022, which inadvertently understated the number of restricted stock units that he was actually granted by 886 restricted stock units. This Form 4 correctly reflects that the reporting person was granted 117,655 restricted stock units on May 12, 2022, the first installment of which vested on May 12, 2023.
F3 The restricted stock units vest in three equal annual installments on May 12, 2023, May 12, 2024 and May 12, 2025. One share of common stock will be delivered with respect to each vested restricted stock unit within 30 days after the applicable vesting date.