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Tonnel David A – ‘4’ for 3/1/24 re: Transocean Ltd.

On:  Tuesday, 3/5/24, at 7:19pm ET   ·   For:  3/1/24   ·   As:  Officer   ·   Accession #:  1415889-24-6895   ·   File #:  1-38373

Previous ‘4’:  ‘4’ on 2/12/24 for 2/8/24   ·   Latest ‘4’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/05/24  Tonnel David A                    4          Officer     1:8K   Transocean Ltd.                   SEC Connect

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML      9K 
                Securities by an Insider --                                      
                form4-03062024_120356.xml/5.8


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider — form4-03062024_120356.xml/5.8
 

The SEC has not released XSLT Stylesheets needed to render this File’s XML Data as a Form.

This is our “Plain Text” rendering:
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0508
Document Type:  4
Period of Report:  3/1/24
Issuer:
Issuer CIK:  1451505
Issuer Name:  Transocean Ltd.
Issuer Trading Symbol:  RIG
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1318251
Owner Name:  Tonnel David A
Reporting Owner Address:
Owner Street 1:  1414 ENCLAVE PARKWAY
Owner Street 2:
Owner City:  HOUSTON
Owner State:  TX
Owner ZIP Code:  77077
Owner State Description:
Reporting Owner Relationship:
Is Director?  No
Is Officer?  Yes
Is Ten Percent Owner?  No
Is Other?  No
Officer Title:  SVP - CHIEF ACCOUNTING OFFICER
Other Text:
Aff 10b5 One:  0
Non-Derivative Table:
Non-Derivative Transaction:
Security Title:
Value:  Registered Shares
Transaction Date:
Value:  3/1/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  64,735
Footnote ID:  F1
Transaction Price Per Share:
Value:  5.09
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  688,220
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Non-Derivative Transaction:
Security Title:
Value:  Registered Shares
Transaction Date:
Value:  3/1/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  71,002
Footnote ID:  F2
Transaction Price Per Share:
Value:  5.09
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  759,222
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Non-Derivative Transaction:
Security Title:
Value:  Registered Shares
Transaction Date:
Value:  3/1/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  35,655
Footnote ID:  F3
Transaction Price Per Share:
Value:  5.09
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  794,877
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Non-Derivative Transaction:
Security Title:
Value:  Registered Shares
Transaction Date:
Value:  3/4/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  F
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  67,789
Footnote ID:  F4
Transaction Price Per Share:
Value:  5.08
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  727,088
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Table:
Footnotes:
Footnote - F1:  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, 2024, resulting in the right of the reporting person to receive the registered shares.
Footnote - F2:  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, 2024, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 71,002 on March 1, 2025.
Footnote - F3:  Restricted Units, which are 1-for-1 share equivalents, acquired on February 9, 2023, pursuant to the Issuer's long-term incentive plan. One third of such restricted units vested on March 1, 2024, resulting in the right of the reporting person to receive the registered shares. The remaining restricted share units vest as follows: 35,656 on March 1, 2025 and 35,656 on March 1, 2026.
Footnote - F4:  Shares sold upon vesting to satisfy tax withholding obligations.
Owner Signature:
Signature Name:  /s/ Daniel Ro-Trock by Power of Attorney
Signature Date:  3/5/24


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