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Transocean Ltd. Director's Dealing 2011

Dec 2, 2011

31279_dirs_2011-12-02_ca046e03-c717-426a-8fe1-62ed5369d79d.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Transocean Ltd. (RIG)
CIK: 0001451505
Period of Report: 2011-12-01

Reporting Person: Shaw Robert S (Vice President and Controller)

Holdings (Non-Derivative)

Security Shares Ownership
Registered Shares 1458 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Deferred Units $ Registered Shares (4184) Direct
Deferred Units $ Registered Shares (1997) Direct
Stock Options $78.76 2021-02-09 Registered Shares (3929) Direct

Footnotes

F1: Deferred Units, which are 1-for-1 share equivalents, were acquired on November 17, 2010 pursuant to the Issuer's long-term incentive plan. Outstanding deferred units vest as follows: 2,092 shares on November 17, 2012 and 2,092 shares on November 17, 2013.

F2: Deferred Units, which are 1-for-1 share equivalents, were acquired on February 10, 2011 pursuant to the Issuer's long-term incentive plan and vest as follows: 665 on February 10, 2012; 666 on February 10, 2013; and 666 on February 10, 2014.

F3: On February 10, 2011, the reporting person was awarded 3,929 stock options which vest as follows: 1,309 on February 10, 2012; 1,310 on February 10, 2013; and 1,310 on February 10, 2014.