Keelan Adamson - Mar 1, 2023 Form 4/A - Amendment 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
Mar 1, 2023
Transactions value $
-$99,391
Form type
4/A - Amendment
Date filed
3/3/2023, 03:47 PM
Date Of Original Report
Feb 14, 2022
Previous filing
Feb 13, 2023
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Options Exercise $0 +69.6K +24.31% $0.00 356K Feb 10, 2022 Direct F1
transaction RIG Registered Shares Tax liability -$99.4K -27.5K -7.73% $3.61 328K Feb 11, 2022 Direct F2, 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 +405K $0.00 405K Feb 10, 2022 Registered Shares 405K $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 February 7, 2019, vested on February 10, 2022, upon satisfaction of the applicable performance measures pursuant to the Issuer's 2019-2021 performance cycle.
F2 Shares sold upon vesting to satisfy tax withholding obligations.
F3 Due to an administrative error, the original Form 4, filed on February 14, 2022, referenced an incorrect number of securities beneficially owned following the reported transaction. This amendment to Form 4 is being made solely to reflect the correct number of securities beneficially owned following the transaction.
F4 The Restricted Units were acquired on February 10, 2022, by the reporting person pursuant to the Issuer's long-term incentive plan. The restricted share units vest as follows: 134,874 on March 1, 2023; 134,875 on March 1, 2024; and 134,875 on March 1, 2025.