4//SEC Filing
Perestroika (Cyprus) Ltd 4
Accession 0001179110-20-009132
CIK 0001451505other
Filed
Aug 17, 8:00 PM ET
Accepted
Aug 18, 4:16 PM ET
Size
9.9 KB
Accession
0001179110-20-009132
Insider Transaction Report
Form 4
Perestroika (Cyprus) Ltd
Director10% Owner
Transactions
- Disposition to Issuer
0.5% Exchangeable Senior Bonds due 2023
2020-08-14From: 2018-01-30Exp: 2023-01-30→ Shares - Award
2.5% Senior Guaranteed Exchangeable Bonds due 2027
2020-08-14From: 2020-08-14Exp: 2027-01-30→ Shares
Footnotes (3)
- [F1]The 0.5% Exchangeable Senior Bonds due 2023 (the "0.5% Exchangeable Bonds") were issued by Transocean Inc., a wholly owned subsidiary of the Company, and fully and unconditionally guaranteed by the Company on January 30, 2018. The 0.5% Exchangeable Bonds are exchangeable into shares of the Company at an initial exchange rate of 97.29756 Shares per $1,000 principal amount of 0.5% Exchangeable Bonds, which initial exchange rate is subject to adjustment in accordance with the Indenture, dated January 30, 2018, among Transocean Inc., the Company, Computershare Trust Company, N.A. and Computershare Trust Company of Canada. The 0.5% Exchangeable Bonds are exchangeable at any time prior to and up to the maturity date of January 30, 2023.
- [F2]On August 14, 2020, Perestroika (Cyprus) Ltd. exchanged its 0.5% Exchangeable Bonds for 2.5% Exchangeable Bonds (as defined below) in a private exchange.
- [F3]The 2.5% Senior Guaranteed Exchangeable Bonds due 2027 (the "2.5% Exchangeable Bonds") were issued by Transocean Inc., a wholly owned subsidiary of the Company, and fully and unconditionally guaranteed by the Company and certain subsidiary guarantors on August 14, 2020. The 2.5% Exchangeable Bonds are exchangeable into shares of the Company at an initial exchange rate of 162.1626 Shares per $1,000 principal amount of 2.5% Exchangeable Bonds, which initial exchange rate is subject to adjustment in accordance with the Indenture, dated August 14, 2020, among Transocean Inc., the Company and certain subsidiary guarantors and Wells Fargo Bank, National Association. The 2.5% Exchangeable Bonds are exchangeable at any time prior to the close of business on the second business day immediately preceding the maturity date of January 30, 2027.
Documents
Issuer
Transocean Ltd.
CIK 0001451505
Entity typeother
IncorporatedCyprus
Related Parties
1- filerCIK 0001737912
Filing Metadata
- Form type
- 4
- Filed
- Aug 17, 8:00 PM ET
- Accepted
- Aug 18, 4:16 PM ET
- Size
- 9.9 KB