Stobart John B 4
4 · Transocean Ltd. · Filed Feb 12, 2018
Insider Transaction Report
Form 4
Stobart John B
EVP and COO
Transactions
- Exercise/Conversion
Registered Shares
2018-02-08+87,154→ 172,008 total - Tax Payment
Registered Shares
2018-02-12$9.40/sh−36,461$342,733→ 135,547 total - Award
Stock Options
2018-02-08+127,350→ 127,350 totalExercise: $9.18Exp: 2028-02-07→ Registered Shares (127,350 underlying) - Award
Restricted Units
2018-02-08+63,259→ 63,259 totalExercise: $0.00→ Registered Shares (63,259 underlying)
Footnotes (4)
- [F1]On February 8, 2018, the reporting person was awarded 127,350 stock options which vest as follows: 42,450 on February 7, 2019; 42,450 on February 7, 2020; and 42,450 on February 7, 2021.
- [F2]The Deferred Units were acquired on February 8, 2018, by the reporting person pursuant to the Issuer's long-term incentive plan, and vest as follows: 21,086 on March 1, 2019; 21,086 on March 1, 2020; and 21,087 on March 1, 2021.
- [F3]Deferred Units awarded on February 13, 2015 vested on February 8, 2018 upon satisfaction of the applicable performance measures pursuant to the Issuer's 2015-2017 performance cycle.
- [F4]Shares sold upon vesting to satisfy tax withholding obligations.