Perestroika 4
4 · Transocean Ltd. · Filed Apr 25, 2023
Insider Transaction Report
Form 4
Perestroika
Director10% Owner
Transactions
- Conversion
Registered Shares
2023-04-21$6.17/sh+34,600,147$213,482,907→ 82,596,498 total(indirect: By Perestroika (Cyprus) Ltd.) - Conversion
2.5% Senior Guaranteed Exchangeable Bonds due 2027
2023-04-21→ 0 total(indirect: By Perestroika (Cyprus) Ltd.)Exercise: $6.17From: 2020-08-14Exp: 2027-01-30→ Registered Shares (34,600,147 underlying)
Footnotes (3)
- [F1]These shares are owned directly by Perestroika (Cyprus) Ltd., which is a wholly owned subsidiary of Perestroika AS. Mr. Frederik Mohn is the sole director and owner of Perestroika AS and is the indirect beneficial owner of all securities owned by Perestroika AS.
- [F2]The 2.5% Senior Guaranteed Exchangeable Bonds due January 2027 (the "2.5% Exchangeable Bonds") were issued by Transocean Inc., a wholly owned subsidiary of Transocean Ltd. (the "Company"), pursuant to an Indenture dated August 14, 2020, among Transocean Inc., the Company and certain subsidiary guarantors, and Computershare Trust Company, N.A., as successor trustee to Wells Fargo Bank, National Association, and 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.
- [F3]On April 21, 2023, Perestroika (Cyprus) Ltd. exchanged its 2.5% Exchangeable Bonds pursuant to the terms of the Indenture referred to in footnote 1.