Keelan Adamson - Feb 9, 2023 Form 4 Insider Report for Transocean Ltd. (RIG)

Role
PRESIDENT AND COO
Signature
/s/ Daniel Ro-Trock by Power of Attorney
Stock symbol
RIG
Transactions as of
Feb 9, 2023
Transactions value $
-$1,432,495
Form type
4
Date filed
2/13/2023, 05:43 PM
Previous filing
Mar 9, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Options Exercise $0 +421K +347.55% $0.00 542K Feb 9, 2023 Direct F1
transaction RIG Registered Shares Tax liability -$1.07M -149K -27.55% $7.20 393K Feb 10, 2023 Direct F2
transaction RIG Registered Shares Sale -$358K -50K -12.74% $7.15 343K Feb 13, 2023 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 +203K $0.00 203K Feb 9, 2023 Registered Shares 203K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Deferred Units awarded on May 8, 2020, vested on February 9, 2023, upon satisfaction of the applicable performance measures pursuant to the Issuer's 2020-2022 performance cycle.
F2 Shares sold upon vesting to satisfy tax withholding obligations.
F3 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 26, 2022.
F4 The Restricted Units were acquired on February 9, 2023, by the reporting person pursuant to the Issuer's long-term incentive plan. The restricted share units vest as follows: 67,731 on March 1, 2024; 67,731 on March 1, 2025; and 67,731 on March 1, 2026.