Perestroika - 13 May 2022 Form 4/A - Amendment Insider Report for Transocean Ltd. (RIG)

Role
Director, 10%+ Owner
Signature
/s/ Daniel Ro-Trock by Power of Attorney
Issuer symbol
RIG
Transactions as of
13 May 2022
Net transactions value
+$7,500,000
Form type
4/A - Amendment
Filing time
25 Apr 2023, 19:00:18 UTC
Date Of Original Report
17 May 2022
Previous filing
28 Jun 2021
Next filing
25 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Purchase $7,500,000 +2,000,000 +16% $3.75 14,900,000 13 May 2022 Direct F1, F2
holding RIG Registered Shares 33,096,351 13 May 2022 By Perestroika (Cyprus) Ltd. F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.55 to $3.85, inclusive. The reporting person undertakes to provide Transocean Ltd. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4.
F2 Due to an administrative error, the original Form 4, filed on May 17, 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.
F3 These securities are held directly by Perestroika (Cyprus) Ltd., a wholly owned subsidiary of Perestroika AS. Mr. Frederik Mohn is a sole director and owner of Perestroika AS and is the beneficial owner of all securities owned by Perestroika AS and Perestroika (Cyprus) Ltd.

Remarks:

Perestroika (Cyprus) Ltd. is a wholly owned subsidiary of Perestroika AS. Due to Perestroika AS's designation of a member of the board of directors of the Company, Perestroika (Cyprus) Ltd. may be deemed to be a director of the Company by deputization. Perestroika AS's right to designate a member of the Company's board of directors has since terminated.