DAVIS HOWARD E 4
4 · Transocean Ltd. · Filed Mar 3, 2022
Insider Transaction Report
Form 4
DAVIS HOWARD E
EVP, CAO & CIO
Transactions
- Exercise/Conversion
Registered Shares
2022-03-01+20,642→ 399,058 total - Exercise/Conversion
Registered Shares
2022-03-01+111,688→ 510,746 total - Exercise/Conversion
Registered Shares
2022-03-01+103,864→ 614,610 total - Tax Payment
Registered Shares
2022-03-02$3.57/sh−94,254$336,487→ 520,356 total
Footnotes (4)
- [F1]Restricted Units, which are 1-for-1 share equivalents, acquired on February 7, 2019, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2022, resulting in the right of the reporting person to receive the registered shares.
- [F2]Restricted Units, which are 1-for-1 share equivalents, acquired on May 8, 2020, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2022, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 111,689 on March 1, 2023.
- [F3]Restricted Units, which are 1-for-1 share equivalents, acquired on February 12, 2021, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2022, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 103,865 on March 1, 2023 and 103,865 on March 1, 2024.
- [F4]Shares sold upon vesting to satisfy tax withholding obligations.