4//SEC Filing
ROSE ROBERT E 4
Accession 0001451505-09-000057
CIK 0001451505other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 7:01 PM ET
Size
14.0 KB
Accession
0001451505-09-000057
Insider Transaction Report
Form 4
ROSE ROBERT E
Director
Transactions
- Exercise/Conversion
Registered Shares
2009-05-16+567→ 6,386 total - Exercise/Conversion
Deferred Units
2009-05-16−567→ 1,134 totalExercise: $0.00→ Registered Shares (567 underlying) - Award
Deferred Units
2009-05-15+3,565→ 3,565 totalExercise: $0.00→ Registered Shares (3,565 underlying)
Footnotes (3)
- [F1]Deferred Units, which are 1-for-1 registered share equivalents, acquired on May 15, 2009 pursuant to the issuer's long-term incentive plan. Deferred Units vest in equal installments on May 15, 2010, 2011 and 2012. The reporting person elected in 2008 for such Deferred Units to be payable in registered shares of the issuer upon the earliest of (i) annual vesting of such Deferred Units, (ii) change of control of the issuer or (iii) the reporting person's death, disability or retirement from the Board.
- [F2]On December 19, 2008, Transocean Ltd., a Swiss corporation, became the successor of Transocean Inc., a Cayman Islands company, pursuant to a merger by way of schemes of arrangement under Cayman Islands law (the "Transaction") in which each holder of Transocean Inc. ordinary shares outstanding immediately prior to the Transaction received one registered share of Transocean Ltd. in exchange for each outstanding ordinary share of Transocean Inc. The Transaction had the effect of changing the place of incorporation of Transocean's group holding company from the Cayman Islands to Switzerland but did not alter the proportionate interests of security holders.
- [F3]On May 16, 2008, the reporting person was granted 1, 701 Deferred Units, which are 1-for-1 registered share equivalents. On May 16, 2009, one third of the award vested per its terms and was paid in registered shares of the issuer per the reporting person's election in 2008 for such Deferred Units to be payable in registered shares upon the earliest of (i) annual vesting of such Deferred Units, (ii) change of control of the issuer or (iii) the reporting person's death, disability or retirement from the Board.
Documents
Issuer
Transocean Ltd.
CIK 0001451505
Entity typeother
Related Parties
1- filerCIK 0001180361
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 7:01 PM ET
- Size
- 14.0 KB