Transocean Ltd. — Director's Dealing 2011

Dec 2, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-01	Deferred Units	$0	A	9869	Acquired		Registered Shares (9869)	Direct

Footnotes

F1: Deferred Units, which are 1-for-1 equivalents, were acquired on December 1, 2011, pursuant to the Issuer's long-term incentive plan and vest as follows: 3,289 shares on December 1, 2012; 3,290 shares on December 1, 2013; and 3,290 shares on December 1, 2014