TRANSOCEAN INC 4
4 · TRANSOCEAN INC · Filed May 19, 2008
Insider Transaction Report
Form 4
Sprague Robert M
Director
Transactions
- Award
Deferred Units
2008-05-16+1,701→ 1,701 totalExercise: $0.00→ Ordinary Shares (1,701 underlying)
Footnotes (1)
- [F1]Deferred Units, which are 1-for-1 ordinary share equivalents, acquired on May 16, 2008 pursuant to the issuer's long-term incentive plan. Deferred Units vest in equal installments on May 16, 2009, 2010 and 2011. Deferred Units are payable in ordinary shares of the issuer, at the reporting person's election, either (a) upon the reporting person's death, disability or retirement from the Board or (b) upon the earliest of (i) annual vesting of the Deferred Units, (ii) change of control of the issuer or (iii) the reporting person's death, disability or retirement from the Board.