Transocean Ltd. 4
4 · Transocean Ltd. · Filed May 12, 2016
Insider Transaction Report
Form 4
Tan Ek Kia
Director
Transactions
- Award
Restricted Units
2016-05-12+19,905→ 19,905 totalExercise: $0.00→ Restricted Shares (19,905 underlying)
Footnotes (1)
- [F1]Restricted Units, which are 1-for-1 registered share equivalents, were acquired on May 12, 2016 pursuant to the issuer's long-term incentive plan. Restricted Units vest on the earlier of: (i) May 12, 2017; or (ii) the date of the next Annual General Meeting of the Company's shareholders following the May 12, 2016 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.