STRACHAN IAN 4
4 · Transocean Ltd. · Filed May 8, 2013
Insider Transaction Report
Form 4
STRACHAN IAN
Director
Transactions
- Exercise/Conversion
Stock Options
2013-05-07$21.15/sh−5,635$119,180→ 0 totalExercise: $21.15Exp: 2013-05-07→ Registered Shares (5,635 underlying) - Exercise/Conversion
Registered Shares
2013-05-07$21.15/sh+5,635$119,180→ 11,558 total - Sale
Registered Shares
2013-05-07$55.10/sh−2,179$120,063→ 9,379 total
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $55.101 to $55.104. The reporting person will provide Transocean Ltd., any security holder of Transocean Ltd. or the staff of the Securities and Exchange Commission, upon request, full confirmation of 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-keeeper under its long-term incentive plan.