Howard E. Davis - 09 Feb 2023 Form 4 Insider Report for Transocean Ltd. (RIG)

Reporting relationship: EVP, CAO & CIO
Issuer ticker: RIG
Reported as of: 09 Feb 2023
Net transaction value: -$1,254,809
SEC form: 4
Accepted by SEC: 13 Feb 2023, 17:45:26 UTC
Prior SEC filing: 09 Dec 2022
Next SEC filing: 03 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Daniel Ro-Trock by Power of Attorney

Key filing fact

Howard E. Davis filed Form 4 for Transocean Ltd. (RIG) on 13 Feb 2023.

Key facts

This page summarizes Howard E. Davis's Form 4 filing for Transocean Ltd. (RIG).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 13 Feb 2023, 17:45.

Change

Previous filing in this sequence was filed on 09 Dec 2022.
Current net transaction value: -$1,254,809.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RIG transaction

Registered Shares

Options Exercise

Transaction value: $0
Shares: +430,802
Change %: +87%
Price: $0.000000
Shares after: 928,258
Date: 09 Feb 2023
Ownership: Direct
Footnotes: F1

RIG transaction

Registered Shares

Tax liability

Transaction value: $1,254,809
Shares: -174,279
Change %: -19%
Price: $7.20
Shares after: 753,979
Date: 10 Feb 2023
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

RIG transaction Derivative

Restricted Units

Award

Transaction value: $0
Shares: +156,023
Change %
Price: $0.000000
Shares after: 156,023
Date: 09 Feb 2023
Ownership: Direct
Underlying class: Registered Shares
Underlying amount: 156,023
Exercise price: $0.000000
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote F2

Shares sold upon vesting to satisfy tax withholding obligations.

Footnote F3

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: 52,007 on March 1, 2024; 52,008 on March 1, 2025; and 52,008 on March 1, 2026.