Perestroika - Sep 15, 2023 Form 4 Insider Report for Transocean Ltd. (RIG)

Role
Director, 10%+ Owner
Signature
/s/ Daniel Ro-Trock by Power of Attorney
Stock symbol
RIG
Transactions as of
Sep 15, 2023
Transactions value $
$0
Form type
4
Date filed
9/19/2023, 05:20 PM
Previous filing
Apr 25, 2023
Next filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Purchase +1.98M +2.4% 84.6M Sep 15, 2023 By Perestroika (Cyprus) Ltd. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the acquisition of all of the issued and outstanding equity interest in Liquila Ventures Ltd. ("Liquila"), Transocean Ltd. (the "Company") paid 1,978,396 shares of the Company valued at $15,870,000 for the equity interests of Liquila owned by Perestroika (Cyprus) Ltd.
F2 These shares are owned directly by Perestroika (Cyprus) Ltd., which is a wholly owned subsidiary of Perestroika AS. Mr. Frederik Mohn is the sole director and owner of Perestroika AS and is the indirect beneficial owner of all securities owned by Perestroika AS.

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.