STRACHAN IAN 4
4 · Transocean Ltd. · Filed May 9, 2012
Insider Transaction Report
Form 4
STRACHAN IAN
Director
Transactions
- Exercise/Conversion
Registered Shares
2012-05-08$38.52/sh+5,635$217,060→ 10,484 total - Exercise/Conversion
Stock Options
2012-05-08−5,635→ 0 totalExercise: $38.52Exp: 2012-05-08→ Registered Shares (5,635 underlying) - Sale
Registered Shares
2012-05-08$47.68/sh−4,561$217,468→ 5,923 total
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.66 to $47.71, inclusive. The reporting person undertakes to provide to Transocean Ltd., any security holder of Transocean Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F2]The options are fully vested and exercisable.
- [F3]These stock options were exercised automatically prior to their expiration pursuant to an auto-exercise feature Transocean Ltd. has implemented with its administrator and record-keeper under its long-term incentive plan.