Howard E. Davis - Feb 9, 2023 Form 4 Insider Report for Transocean Ltd. (RIG)

Role
EVP, CAO & CIO
Signature
/s/ Daniel Ro-Trock by Power of Attorney
Stock symbol
RIG
Transactions as of
Feb 9, 2023
Transactions value $
-$1,254,809
Form type
4
Date filed
2/13/2023, 05:45 PM
Previous filing
Dec 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 +431K +86.6% $0.00 928K Feb 9, 2023 Direct F1
transaction RIG Registered Shares Tax liability -$1.25M -174K -18.77% $7.20 754K Feb 10, 2023 Direct F2

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 +156K $0.00 156K Feb 9, 2023 Registered Shares 156K $0.00 Direct F3
* 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 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.