CASON THOMAS W 4
4 · Transocean Ltd. · Filed May 17, 2011
Insider Transaction Report
Form 4
CASON THOMAS W
Director
Transactions
- Exercise/Conversion
Deferred Units
2011-05-13+3,768→ 3,768 totalExercise: $0.00→ Registered Shares (3,768 underlying) - Exercise/Conversion
Stock Options
2011-05-16−3,387→ 0 totalExercise: $64.64Exp: 2011-05-17→ Registered Shares (3,387 underlying) - Exercise/Conversion
Registered Shares
2011-05-16$64.64/sh+3,387$218,921→ 13,426 total - Sale
Registered Shares
2011-05-16$70.00/sh−3,387$237,090→ 10,039 total
Footnotes (3)
- [F1]The transactions reported in Table I of this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- [F2]Deferred Units, which are 1-for-1 registered share equivalents, were acquired on May 13, 2011 pursuant to the issuer's long-term incentive plan. Deferred Units vest in equal installments on May 13, 2012, 2013 and 2014. Pursuant to the award agreement, such Deferred Units will be payable in registered shares of the issuer upon the reporting person's death, disability or retirement from the Board.
- [F3]The options are fully vested and exercisable.