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: Toma Ihab Magdy (Exec VP, Global Business)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-17	Deferred Units	$0	A	9412	Acquired		Registered Shares (9412)	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: 3,137 shares on November 17, 2011; 3,137 shares on November 17, 2012; and 3,138 shares on November 17, 2013.