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Transocean Ltd. — Director's Dealing 2010
May 18, 2010
31279_dirs_2010-05-18_dbce9555-201f-4d1e-b035-c0e0aaa07c8d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Transocean Ltd. (RIG)
CIK: 0001451505
Period of Report: 2010-05-14
Reporting Person: ROSE ROBERT E (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-05-16 | Registered Shares | M | 567 | — | Acquired | 6953 | Direct |
| 2010-05-15 | Registered Shares | M | 1188 | — | Acquired | 8141 | Direct |
| 2010-05-17 | Registered Shares | F | 238 | — | Disposed | 7903 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-05-16 | Deferred Units | $0 | M | 567 | Disposed | Registered Shares (567) | Direct | |
| 2010-05-15 | Deferred units | $0 | M | 1188 | Disposed | Registered Shares (1188) | Direct | |
| 2010-05-14 | Deferred Units | $0 | A | 3703 | Acquired | Registered Shares (3703) | Direct |
Footnotes
F1: On May 16, 2008, the reporting person was granted 1,701 Deferred Units, which are 1-for-1 registered share equivalents. On May 16, 2010, one third of the award vested per its terms and was paid in registered shares of the issuer per the reporting person's election in 2008 for such Deferred Units to be payable in registered shares upon the earliest of (i) annual vesting of such Deferred Units, (ii) change of control of the issuer or (iii) the reporting person's death, disability or retirement from the Board.
F2: On May 15, 2009, the reporting person was granted 3,565 Deferred Units, which are 1-for-1 registered share equivalents. On May 15, 2010, one third of the award vested per its terms and was paid in registered shares of the issuer per the reporting person's election in 2009 for such Deferred Units to be payable in registered shares upon the earliest of (i) annual vesting of such Deferred Units, (ii) change of control of the issuer or (iii) the reporting person's death, disability or retirement from the Board.
F3: Shares automatically withheld upon vesting to satisfy tax withholding obligations.
F4: Deferred Units, which are 1-for-1 registered share equivalents, were acquired on May 14, 2010 pursuant to the issuer's long-term incentive plan. Deferred Units vest in equal installments on May 14, 2011, 2012 and 2013. The reporting person elected in 2009 for such Deferred Units to be payable in registered shares of the issuer upon the reporting person's death, disability or retirement from the Board.