Form 4 for RIG Transocean Ltd.
Accepted 2023-03-03 00:00:00 ET · period of report 2023-03-01 · accession 0001415889-23-004156 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2023-03-03 | 2023-03-01 | RIG | DAVIS HOWARD E | EVP, CAO, CIO | M - OptEx | $7.08 | +319.1K | 1.07M | +42% | +$2.26M |
| 2023-03-03 | 2023-03-02 | RIG | DAVIS HOWARD E | EVP, CAO, CIO | F - Tax | $6.76 | -131.5K | 941.6K | -12% | -$888.9K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Registered Shares | 2023-03-01 | M | A | 103,865 | $7.08 | 969,533 | D | — | — | (F2) Restricted Units, which are 1-for-1 share equivalents, acquired on February 12, 2021, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2023, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 103,865 on March 1, 2024. |
| 2 | Common | Registered Shares | 2023-03-01 | M | A | 111,689 | $7.08 | 865,668 | D | — | — | (F1) Restricted Units, which are 1-for-1 share equivalents, acquired on May 8, 2020, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2023, resulting in the right of the reporting person to receive the registered shares. |
| 3 | Common | Registered Shares | 2023-03-01 | M | A | 103,564 | $7.08 | 1,073,097 | D | — | — | (F3) Restricted Units, which are 1-for-1 share equivalents, acquired on February 10, 2022, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2023, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 103,565 on March 1, 2024 and 103,565 on March 1, 2025. |
| 4 | Common | Registered Shares | 2023-03-02 | F | D | 131,491 | $6.76 | 941,606 | D | — | — | (F4) Shares sold upon vesting to satisfy tax withholding obligations. |