Keelan Adamson - 01 Mar 2023 Form 4/A - Amendment Insider Report for Transocean Ltd. (RIG)

Signature
/s/ Daniel Ro-Trock by Power of Attorney
Issuer symbol
RIG
Transactions as of
01 Mar 2023
Net transactions value
-$99,391
Form type
4/A - Amendment
Filing time
03 Mar 2023, 15:47:41 UTC
Date Of Original Report
14 Feb 2022
Previous filing
13 Feb 2023
Next filing
12 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Options Exercise $0 +69,610 +24% $0.000000 355,981 10 Feb 2022 Direct F1
transaction RIG Registered Shares Tax liability $99,391 -27,532 -7.7% $3.61 328,449 11 Feb 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 +404,624 $0.000000 404,624 10 Feb 2022 Registered Shares 404,624 $0.000000 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.