Transocean Ltd. — Director's Dealing 2010

Nov 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Transocean Ltd. (RIG)
CIK: 0001451505
Period of Report: 2010-11-17

Reporting Person: ROSA RICARDO H. (Sr Vice President & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-17	Deferred Units	$0	A	12549	Acquired		Registered Shares (12549)	Direct

Footnotes

F1: Deferred Units, which are 1-for-1 share equivalents, were acquired as a retention award on November 17, 2010 pursuant to the Issuer's long-term incentive plan and vest as follows: 4,183 shares on November 17, 2011; 4,183 shares on November 17, 2012; and 4,183 shares on November 17, 2013.