Form 4 for RIG Transocean Ltd.
Accepted 2023-04-25 00:00:00 ET · period of report 2023-04-21 · accession 0001415889-23-006859 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-04-25 | 2023-04-21 | RIG | Perestroika (Cyprus) Ltd | Dir, 10% | C - Cnv Deriv | $6.17 | +34.60M | 82.60M | +72% | +$213.48M |
| D | 2023-04-25 | 2023-04-21 | RIG | Perestroika (Cyprus) Ltd | Dir, 10% | C - Cnv Deriv | — | 0 | 0 | New | — |
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 | 2023-04-21 | C | A | 34,600,147 | $6.17 | 82,596,498 | D | — | — | |
| 2 | Derivative | 2.5% Senior Guaranteed Exchangeable Bonds due 2027 | 2023-04-21 | C | D | — | — | 0 | D | $6.17 · 2020-08-14 to 2027-01-30 | 34,600,147 Registered Shares | (F1) The 2.5% Senior Guaranteed Exchangeable Bonds due January 2027 (the "2.5% Exchangeable Bonds") were issued by Transocean Inc., a wholly owned subsidiary of Transocean Ltd. (the "Company"), pursuant to an Indenture dated August 14, 2020, among Transocean Inc., the Company and certain subsidiary guarantors, and Computershare Trust Company, N.A., as successor trustee to Wells Fargo Bank, National Association, and are exchangeable into shares of the Company at an initial exchange rate of 162.1626 Shares per $1,000 principal amount of 2.5% Exchangeable Bonds. (F2) On April 21, 2023, Perestroika (Cyprus) Ltd. exchanged its 2.5% Exchangeable Bonds pursuant to the terms of the Indenture referred to in footnote 1. |