11 May 2005director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd Sr. VP and CFO Gregory L Cauthen sold 2,850 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Apr 2005director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd President and CEO Robert L Long exercised stock options for 119,600 shares and disposed of 239,200 shares.
4 Apr 2005director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd Exec. VP & Chief Oper Officer Jean Cahuzac exercised stock options for 11,810 shares and disposed of 23,620 shares.
1 Apr 2005material agreement● Neutral
Transocean approved a one-time special cash bonus of $50,000 to Gregory L. Cauthen, Senior Vice President and Chief Financial Officer, on March 30, 2005. The filing gives no reason for the bonus.
1 Apr 2005director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Martin B Mcnamara received a stock option grant for 476 shares.
1 Apr 2005director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Victor Grijalva received a stock option grant for 117 shares.
30 Mar 2005director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Martin B Mcnamara exercised stock options for 2,000 shares and disposed of 2,000 shares.
9 Mar 2005director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd Sr. VP, CFO and Treasurer Gregory L Cauthen exercised stock options for 10,166 shares and disposed of 20,332 shares.
15 Feb 2005material agreement● Neutral
Transocean disclosed its executive and director pay decisions: 2004 cash bonuses to named executives (for example $410,449 to CEO Robert L. Long and $120,870 to CFO Gregory L. Cauthen), 2005 bonus opportunities of 30% to 90% of base pay, and a rise in the annual outside-director retainer from $40,000 to $50,000. A new executive severance policy, effective February 9, 2005, pays a terminated executive one year's base salary plus other items. The filing also shows Robert Long is now President and CEO and J. Michael Talbert is non-executive Chairman after retiring from active employment in October 2004, a leadership change from earlier context.
14 Feb 2005substantial holder notice● Neutral
Capital Research and Management Company disclosed a new substantial TRANSOCEAN INTERNATIONAL Ltd shareholding (5.30% of votes).
5 Jan 2005director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Victor Grijalva received a stock option grant for 150 shares.
5 Jan 2005director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Martin B Mcnamara received a stock option grant for 602 shares.
4 Jan 2005director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Victor Grijalva received a stock option grant for 181 shares.
30 Dec 2004asset acquisition disposition● Neutral
Transocean amended its report on the December 2004 TODCO share sale to correct figures: net proceeds are now about $257.1 million (previously $257.4 million), with the pro forma balance sheet adjusted accordingly, and pro forma nine-month diluted earnings per share shown as $0.78 (previously $0.80). The facts of the sale (14,950,000 shares at $18.00, roughly 22% stake retained, TODCO deconsolidated) are unchanged.
29 Dec 2004asset acquisition disposition▲ GoodMajor
Transocean closed a December 22, 2004 public sale of 14,950,000 TODCO Class A shares at $18.00 each, receiving about $257.4 million net, which it plans to use to reduce corporate debt and for general purposes. After the sale and converting its remaining 13,310,000 Class B shares to Class A, Transocean owns about 22% of TODCO, no longer has majority voting control, and will stop consolidating TODCO and use the equity method instead. This completes the TODCO sell-down that began with a February 2004 IPO (about $155.7 million net) and a September 2004 offering (about $269.9 million net). The filing includes pro forma financials.
2 Dec 2004director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd Senior VP and CFO Gregory L Cauthen exercised stock options for 6,333 shares and disposed of 12,791 shares.
30 Nov 2004director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd VP & Chief Information Officer Barbara S Koucouthakis sold 2,973 shares at $39.91.
29 Nov 2004director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Martin B Mcnamara exercised stock options for 2,000 shares and disposed of 2,000 shares.
23 Nov 2004director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd VP & Chief Information Officer Barbara S Koucouthakis sold 2,973 shares at $39.31.
20 May 2004director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd VP, Human Resources Tim Juran sold 1,200 shares at $26.40.
17 May 2004director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Robert M Sprague received a stock option grant for 2,282 shares.
2 Apr 2004director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Martin B Mcnamara received a stock option grant for 735 shares.
2 Apr 2004director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Victor Grijalva received a stock option grant for 222 shares.
19 Feb 2004director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd Chairman of the Board J Michael Talbert exercised stock options for 78,060 shares and disposed of 156,120 shares.
5 Jan 2004director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Martin B Mcnamara received a stock option grant for 562 shares.
5 Jan 2004director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Victor Grijalva received a stock option grant for 402 shares.
2 Oct 2003director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Victor Grijalva received a stock option grant for 305 shares.
2 Oct 2003director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Martin B Mcnamara received a stock option grant for 750 shares.
1 Aug 2003director interest notice● Neutral
TRANSOCEAN INTERNATIONAL Ltd director Victor Grijalva received a stock option grant for 639 shares.
14 July 2003director interest notice● Neutral
Tim Juran became a TRANSOCEAN INTERNATIONAL Ltd VP, Human Resources and company insider (initial ownership filing).