-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, M6ME4r2L3L8aXgvRfTm21gpUdgZzH5wRkSgnS3v8Raxh9sFpiPoArKj36SmqWJMw aYE4wlTx3yENU2oIFE9Eig== 0001040108-98-000002.txt : 19980612 0001040108-98-000002.hdr.sgml : 19980612 ACCESSION NUMBER: 0001040108-98-000002 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980601 FILED AS OF DATE: 19980611 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRANSOCEAN OFFSHORE INC CENTRAL INDEX KEY: 0000314047 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 720464968 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 001-07746 FILM NUMBER: 98646715 BUSINESS ADDRESS: STREET 1: 4 GREENWAY PLAZA CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 7138717500 MAIL ADDRESS: STREET 1: 4 GREENWAY PLAZA CITY: HOUSTON STATE: TX ZIP: 77046 FORMER COMPANY: FORMER CONFORMED NAME: SONAT OFFSHORE DRILLING INC DATE OF NAME CHANGE: 19930415 COMPANY DATA: COMPANY CONFORMED NAME: COLE JON C CENTRAL INDEX KEY: 0001040108 STANDARD INDUSTRIAL CLASSIFICATION: [] OFFICER FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 4 GREENWAY PLAZA STREET 2: PO BOX 2765 77252-2765 CITY: HOUSTON STATE: TX ZIP: 77046 MAIL ADDRESS: STREET 1: 4 GREENWAY PLAZA STREET 2: PO BOX 2765 77252-2765 CITY: HOUSTON STATE: TX ZIP: 77046 4 1 FORM 4 - JUNE 1, 1998 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person Cole, Jon C. 4 Greenway Plaza Houston, Texas 77046 USA 2. Issuer Name and Ticker or Trading Symbol Transocean Offshore Inc. RIG 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year June 1, 1998 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Senior Vice President 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Month |ect(I)| | ___________________________________________________________________________________________________________________________________| Common Stock |5/9/98|M | |70,000 |A |$9.25 | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |5/698 |M | |30,000 |A |$8.375 | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |5/6/98|S | |100,000 |D |$57.4034 |54,828 (1) |D | | - -----------------------------------------------------------------------------------------------------------------------------------| Common Stock | | | | | | |6,144 |I |(2) | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(I)| | ___________________________________________________________________________________________________________________________________| Executive Stock Option|$9.25 |5/6/9|M | |70,000 |D |(3) |8/31/|Common Stock|70,000 | |0 |D | | s | |8 | | | | | |04 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Executive Stock Option|$8.375 |5/6/9|M | |30,000 |D |(4) |1/28/|Common Stock|30,000 | |50,000 |D | | s | |8 | | | | | |04 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: (1) Includes shares of unvested restricted stock granted under the Transocean Offshore Inc. Long-Term Incentive Plan ("LTIP"). (2) Shares held under Transocean Offshore Savings Plan at 12/31/97. The number of shares is approximate because Plan accounting is on a unit basis. (3) Grant of 100,000 options under the LTIP exercisable as follows; 100,000 on 6/21/95. (4) Grant of 80,000 options under the LTIP exercisable as follows; 26,666 on 1/28/95, 26,668 on 1/28/96 and 26,666 on 1/28/97. SIGNATURE OF REPORTING PERSON /s/ Jon C. Cole by Nicolas J. Evanoff DATE June 11, 1998 -----END PRIVACY-ENHANCED MESSAGE-----