Filing Details

Accession Number:
0001415889-22-005149
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-05-17 17:15:32
Reporting Period:
2022-05-13
Accepted Time:
2022-05-17 17:15:32
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1451505 Transocean Ltd. RIG Drilling Oil & Gas Wells (1381) 980599916
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1729638 Wilhelm Frederik Mohn Turmstrasse 30
Steinhausen V8 6312
No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Registered Shares Acquisiton 2022-05-13 2,000,000 $3.75 82,636,646 No 4 P Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Registered Shares Restricted Units Acquisiton 2022-05-13 54,688 $0.00 54,688 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
54,688 No 4 A Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.55 to $3.85, inclusive. The reporting person undertakes to provide Transocean Ltd. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4.
  2. These securities are held directly by Perestroika AS. Mr. Frederik Mohn is a sole director and owner of Perestroika AS and is the beneficial owner of all securities owned by Perestroika AS.
  3. Restricted Units, which are 1-for-1 registered share equivalents, were acquired on May 13, 2022, pursuant to the Issuer's long-term incentive plan. Restricted Units vest on the earlier of: (i) May 13, 2023, or (ii) the date of the next Annual General Meeting of the Company's shareholders following the May 13, 2022 grant date. Pursuant to the award agreement, such Restricted Units will be payable in registered shares of the Issuer following the vesting date, as defined above.