TRANSOCEAN INC 4
4 · TRANSOCEAN INC · Filed May 16, 2005
Insider Transaction Report
Form 4
Sprague Robert M
Director
Transactions
- Award
Deferred Units
2005-05-12+1,860→ 1,860 totalExercise: $0.00→ Ordinary Shares (1,860 underlying)
Footnotes (1)
- [F1]Deferred Units, which are 1-for-1 ordinary share equivalents, acquired on May 12, 2005 pursuant to the issuer's long-term incentive plan. Deferred Units are payable in ordinary shares of the issuer and vest in equal annual installments on May 12, 2006, 2007 and 2008 although the units are not payable until the director leaves the board.