Samuel J. Merksamer - May 12, 2023 Form 4 Insider Report for Transocean Ltd. (RIG)

Role
Director
Signature
/s/ Daniel Ro-Trock By Power of Attorney
Stock symbol
RIG
Transactions as of
May 12, 2023
Transactions value $
$0
Form type
4
Date filed
5/15/2023, 04:52 PM
Previous filing
Oct 4, 2022
Next filing
Nov 9, 2023

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 +35.7K $0.00 35.7K May 12, 2023 Registered Shares 35.7K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Units, which are 1-for-1 registered share equivalents, were acquired on May 12, 2023, pursuant to the Issuer's long-term incentive plan. Restricted Units vest on the earlier of: (i) May 12, 2024, or (ii) the date of the next Annual General Meeting of the Company's shareholders following the May 12, 2023 grant date. Pursuant to the award agreement, such Restricted Units will be payable in registered shares of the Issuer following the vesting date, as defined above.