Transocean Ltd. 4
4 · Transocean Ltd. · Filed May 17, 2011
Insider Transaction Report
Form 4
MCNAMARA MARTIN B
Director
Transactions
- Exercise/Conversion
Deferred Units
2011-05-13+3,768→ 3,768 totalExercise: $0.00→ Registered Shares (3,768 underlying)
Footnotes (1)
- [F1]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.