As filed with the Securities and Exchange Commission on October 9, 2018
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S‑8
REGISTRATION STATEMENT
Under
the Securities Act of 1933
TRANSOCEAN LTD.
(Exact Name of Registrant as Specified in its Charter)
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Zug, Switzerland (State or other jurisdiction of incorporation or organization) |
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001‑38373 (Commission File Number) |
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98‑0599916 (I.R.S. Employer Identification No.) |
Turmstrasse 30 Steinhausen, Switzerland (Address of principal executive offices) |
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6312 (zip code) |
TRANSOCEAN LTD. 2015 LONG-TERM INCENTIVE PLAN
(Full title of plan)
Brady K. Long
Senior Vice President and General Counsel
Transocean Ltd.
c/o Transocean Offshore Deepwater Drilling Inc.
4 Greenway Plaza
Houston, Texas 77046
+1 (713) 232‑7500
(Name, Address and Telephone Number, Including Area Code, of Agent for Service)
Copy to:
Gene J. Oshman
Andrew J. Ericksen
Baker Botts L.L.P.
910 Louisiana Street
Houston, Texas 77002‑4995
(713) 229‑1234
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b‑2 of the Exchange Act.
Large accelerated filer |
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Accelerated filer |
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Non-accelerated filer |
☐ (Do not check if a smaller reporting company) |
Smaller reporting company |
☐ |
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Emerging growth company |
☐ |
CALCULATION OF REGISTRATION FEE
Title of securities |
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Amount to be |
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Proposed maximum offering |
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Proposed maximum aggregate |
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Amount of |
Shares, par value CHF 0.10 per share |
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12,000,000 |
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$13.68 |
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$164,160,000 |
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$19,897 |
(1) |
Pursuant to Rule 416 of the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement is deemed to include additional shares issuable pursuant to the adjustment provisions of the Transocean Ltd. 2015 Long-Term Incentive Plan by reason of any unit dividend, unit spilt, recapitalization or other similar transaction. |
(2) |
Estimated solely for purposes of calculating the registration fee in accordance with Rule 457(c) and (h) under the Securities Act and based upon the average of the high and low sales prices of a share of Transocean Ltd. as reported by the New York Stock Exchange on October 5, 2018. |
REGISTRATION OF ADDITIONAL SECURITIES
This Registration Statement is being filed by Transocean Ltd., a Swiss corporation (the “Company” or the “Registrant”) pursuant to General Instruction E of Form S‑8 under the Securities Act of 1933, as amended, to register an additional 12,000,000 registered shares pursuant to the Transocean Ltd. 2015 Long-Term Incentive Plan (the “Plan”).
The Board of Directors of the Company recommended for approval and, on May 18, 2018, the shareholders of the Company approved an amendment of the Plan that increased the number of shares available for issuance under the Plan from 20,712,966 to 32,712,966.
The contents of the Registration Statement on Form S‑8 (No. 333‑204359) are incorporated by reference into this Registration Statement, except as amended hereby.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8.Exhibits.
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Description |
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Location |
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4.1 |
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Exhibit 3.1 to Transocean Ltd.’s Quarterly Report on Form 10‑Q (Commission File No. 000‑38373) filed on July 31, 2018. |
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4.2 |
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Organizational Regulations of Transocean Ltd., adopted November 18, 2016. |
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Exhibit 3.1 to Transocean Ltd.’s Current Report on Form 8‑K (Commission File No. 000‑53533) filed on November 23, 2016. |
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4.3 |
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Annex B to Transocean Ltd.’s definitive proxy statement (Commission File No. 001‑53533) filed on March 23, 2015. |
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4.4 |
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First Amendment to Transocean Ltd. 2015 Long-Term Incentive Plan |
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Annex B to Transocean Ltd.’s definitive proxy statement (Commission File No. 001‑38373) filed on March 20, 2018. |
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5.1 |
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Filed herewith. |
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23.1 |
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Filed herewith. |
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23.2 |
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Included in Exhibit 5.1 hereto. |
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24.1 |
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Included as part of the signature page to this Registration Statement. |
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Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S‑8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Steinhausen, Switzerland, on October 9, 2018.
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TRANSOCEAN LTD. |
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By: /s/ Jeremy D. Thigpen |
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Name: Jeremy D. Thigpen |
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Title: President and Chief Executive Officer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Jeremy D. Thigpen, Mark L. Mey and David Tonnel, and each of them, his or her true and lawful attorneys-in-fact and agents, with full power to act separately and full power of substitution and re-substitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement and all additional registration statements pursuant to Rule 462(b) of the Securities Act of 1933, and to file the same, with all exhibits thereto, and all other documents in connection therewith, with the Securities and Exchange Commission, granting unto each said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite or necessary to be done in connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or either of them, or his or her or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated below on October 9, 2018.
Signature |
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Title |
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/s/ Jeremy D. Thigpen |
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President and Chief Executive Officer |
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Jeremy D. Thigpen |
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(Principal Executive Officer) |
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/s/ Mark L. Mey |
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Executive Vice President, Chief Financial Officer |
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Mark L. Mey |
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(Principal Financial Officer) |
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/s/ David Tonnel |
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Senior Vice President and Corporate Controller |
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David Tonnel |
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(Principal Accounting Officer) |
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/s/ Merrill A. “Pete” Miller, Jr |
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Chairman of the Board of Directors |
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Merrill A. “Pete” Miller, Jr |
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/s/ Glyn Barker |
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Director |
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Glyn Barker |
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/s/ Vanessa C.L. Chang |
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Director |
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Vanessa C.L. Chang |
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/s/ Frederico F. Curado |
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Director |
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Frederico F. Curado |
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Signature |
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Title |
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/s/ Chadwick C. Deaton |
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Director |
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Chadwick C. Deaton |
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/s/ Tan Ek Kia |
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Director |
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Tan Ek Kia |
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/s/ Vincent J. Intrieri |
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Director |
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Vincent J. Intrieri |
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/s/ Frederick W. Mohn |
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Director |
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Frederick W. Mohn |
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/s/ Samuel Merksamer |
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Director |
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Samuel Merksamer |
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/s/ Edward R. Muller |
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Director |
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Edward R. Muller |
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