Perestroika - 15 Sep 2023 Form 4 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
15 Sep 2023
Net transactions value
$0
Form type
4
Filing time
19 Sep 2023, 17:20:40 UTC
Previous filing
25 Apr 2023
Next filing
29 Feb 2024
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 +1,978,396 +2.4% 84,574,894 15 Sep 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.