JEREMY D. THIGPEN - 10 Feb 2022 Form 4 Insider Report for Transocean Ltd. (RIG)

Role
President & CEO, Director
Signature
/s/ Daniel Ro-Trock By Power of Attorney
Issuer symbol
RIG
Transactions as of
10 Feb 2022
Transactions value $
-$386,490
Form type
4
Filing time
14 Feb 2022, 16:17:00 UTC
Previous filing
11 May 2021
Next filing
03 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIG Registered Shares Options Exercise $0 +271K +20.39% $0.00 1.6M 10 Feb 2022 Direct F1
transaction RIG Registered Shares Tax liability -$386K -107K -6.7% $3.61 1.49M 11 Feb 2022 Direct F2

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 +1.16M $0.00 1.16M 10 Feb 2022 Registered Shares 1.16M $0.00 Direct F3
* 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 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: 385,356 on March 1, 2023; 385,356 on March 1, 2024; and 385,357 on March 1, 2025.