CASON THOMAS W 4
4 · Transocean Ltd. · Filed May 21, 2013
Insider Transaction Report
Form 4
CASON THOMAS W
Director
Transactions
- Award
Deferred Units
2013-05-18+4,760→ 4,760 totalExercise: $0.00→ Registered Shares (4,760 underlying)
Footnotes (1)
- [F1]Deferred Units, which are 1-for-1 registered share equivalents, were acquired on May 18, 2013 pursuant to the issuer's long-term incentive plan. Deferred Units vest on the earlier of: (i) May 18, 2014; or (ii) the date of the next Annual General Meeting of the Company's shareholders following the May 18, 2013 grant date. 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 of the Board.