TRANSOCEAN OFFSHORE INC 4

4 · TRANSOCEAN OFFSHORE INC · Filed Jul 10, 1997

Insider Transaction Report

Form 4

Period: 1997-07-10

TRANSOCEAN OFFSHORE INC

RAY DONALD R

Senior Vice President

Transactions

Exercise/Conversion
Common Stock
1997-06-04$22.00/sh+10,000$220,000
Exercise/Conversion
Common Stock
1997-06-04$21.00/sh+6,247$131,187
Exercise/Conversion
Common Stock
1997-06-04$46.88/sh+3,133$146,859
Sale
Common Stock
1997-06-04$72.13/sh−10,000$721,250
Sale
Common Stock
1997-06-04$72.00/sh−9,380$675,360
Award
Common Stock
1997-03-12+1,400→ 20,939 total
Exercise/Conversion
Executive Stock Options
1997-06-04−10,000→ 0 total
Exercise: $22.00→ Common Stock (10,000 underlying)
Exercise/Conversion
Executive Stock Options
1997-06-04−6,247→ 3,123 total
Exercise: $21.00→ Common Stock (6,247 underlying)
Exercise/Conversion
Executive Stock Options
1997-06-04−3,133→ 6,267 total
Exercise: $46.88→ Common Stock (3,133 underlying)
Award
Executive Stock Options
1997-03-12+6,800→ 6,800 total
Exercise: $57.50→ Common Stock (6,800 underlying)

Holdings

Common Stock
(indirect: (2))
924
Executive Stock Option
Exercise: $16.75→ Common Stock (28,000 underlying)
28,000
s
4
Executive Stock Option
Exercise: $18.50→ Common Stock (22,000 underlying)
22,000
s
4

Footnotes (8)

[1]Grant of restricted stock under the Transocean Offshore Inc. Long-Term Incentive Plan ("LTIP"). The shares vest as follows: 467 on 3/12/00, 467 on 3/12/01 and 466 on 3/12/02.
[2]Shares held under the Transocean Offshore Savings Plan at 12/31/96. The number of shares listed is approximate because Plan accounting is on a unit basis.
[3]Grant of 10,000 options under the LTIP exerciseable as follows: 3,333 on 1/28/95, 3,333 on 1/28/96 and 3,334 on 1/28/97.
[4]Grant of 9,370 options under the LTIP exercisable as follows: 3,123 on 2/24/96, 3,124 on 2/24/97 and 3,123 on 2/24/98.
[5]Grant of 9,400 options under the LTIP exercisable as follows: 3,133 on 2/23/97, 3,133 on 2/23/98 and 3,134 on 2/23/99.
[6]Grant of 6,800 options under the LTIP exercisable as follows: 2,267 on 3/12/98, 2,267 on 3/12/99 and 2,266 on 3/12/00.
[7]Grant of 28,000 options under the LTIP exercisable as follows: 9,333 on 1/28/95, 9,334 on 1/28/96 and 9,333 on 1/28/97.
[8]Grant of 22,000 options under the LTIP exercisable as follows: 22,000 on 6/21/95. This Statement confirms that the undersigned has authorized and designated Eric B. Brown and Nicolas J. Evanoff to execute and file on the undersigned's behalf all Forms 3, 4 and 5 (including any amendments thereto) that the undersigned may be required to file with the U.S. Securities and Exchange Commission as a result of the undersigned's ownership of or transactions in securities of Transocean Offshore Inc. The authority of Eric B. Brown and Nicolas J. Evanoff shall continue until the undersigned is no longer required to file Forms 3, 4 and 5 with regard to securities of Transocean Offshore Inc., unless earlier revoked in writing. The undersigned acknowledges that neither Eric B. Brown nor Nicolas J. Evanoff are assuming any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

Documents

1 file

4
Primary
FORM 4 - JULY 10, 1997