Dominic A. Savarino - May 31, 2023 Form 4/A - Amendment Insider Report for DIAMOND OFFSHORE DRILLING, INC. (DO)

Signature
/s/ Terence W. Waldorf Attorney-in-Fact for Dominic A. Savarino
Stock symbol
DO
Transactions as of
May 31, 2023
Transactions value $
-$65,922
Form type
4/A - Amendment
Date filed
6/1/2023, 04:01 PM
Date Of Original Report
May 31, 2023
Previous filing
May 16, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DO Common Stock Sale -$65.9K -6.03K -12.92% $10.94 40.6K May 31, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 1, 2023.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.85 to $11.12, inclusive. The reporting person undertakes to provide to Diamond Offshore Drilling, Inc., any security holder of Diamond Offshore Drilling, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

Remarks:

Amendment filed to check the Rule 10b5-1(c) Transaction Indication box and to include the 10b5-1 trading plan adoption date.