Transocean Proxy Statement and 2010 Annual Report

Pension Benefits for Fiscal Year 2010
We maintain the Transocean U.S. Retirement Plan and the Transocean Pension Equalization Plan for Mr.
Briscoe that provide for post-retirement income based on age and years of service. The following table sets forth
information with respect to pension benefits payable to Mr. Briscoe pursuant to these plans:
Plan Name
Number of Years
Credited Service
(#)
CG-16
Present Value of
Accumulated Benefit
($)
Payments During
Last Fiscal Year
($)
Transocean U.S. Retirement Plan 5 169,815 0
Transocean Pension Equalization Plan 5 89,081 0
Nonqualified Deferred Compensation for Fiscal Year 2010
The following table sets forth information with respect to nonqualified deferred compensation payable to Mr.
Briscoe. These plan benefits are payable in cash from the Company’s general assets.
Executive
Contributions
in Last FY
($)
Registrant
Contributions in
Last FY
($)
Aggregate Earnings
in Last FY (1)
($)
Aggregate
Withdrawals/
Distributions
($)
Aggregate
Balance at
Last FYE (2)
($)
0 0 6 0 200
(1) The Transocean U.S. Supplemental Savings Plan was frozen as of December 31, 2008. Accordingly, no new
participants were added in 2010. The balances under the plan will continue to accrue interest and remain in the
plan until the participant leaves the Company.
(2) Represents earnings in 2010 on balances in the Transocean U.S. Supplemental Savings Plan.
(3) Represents balances as of December 31, 2010 in the Transocean U.S. Supplemental Savings Plan.
Potential Payments Upon Termination or Change of Control
The following tables set forth, as of December 31, 2010, information with respect to compensation that
would be payable to Mr. Briscoe upon a variety of termination or change of control scenarios. Mr. Briscoe is
eligible to receive severance benefits under the executive severance benefit policy. For additional details on each
compensation element as determined by the termination scenario, please refer to Transocean's compensation
discussion and analysis on page P-68 et seq. of this Annual Report under the caption “Compensation Discussion and
Analysis – Potential Payments Upon Termination or Change of Control.”
Voluntary
Involuntary
Not-for-Cause
Change of
Control
Retirement Death Disability
Cash Severance Payment
Non-Equity Incentive Plan
- $270,000 $270,000 - - -
Compensation - $108,000 $108,000 $108,000 $108,000 $108,000
Outplacement Services - $13,500 $13,500 - - -
Pension Equalization Plan
Equity Incentive Plan
Compensation under our LTIP
$89,081 $89,081 $89,081 $89,081 $54,774 $89,081
Vested Stock Options $31,632 $31,632 $31,632 $31,632 $31,632 $31,632
Unvested Stock Options
- - $63,264 - $63,264 $63,264
Time-Based Deferred Units
Performance-Based Deferred
- $754,462 $754,462 $754,462 $754,462 $754,462
Units - $272,881 $542,039 $272,881 $272,881 $272,881
Supplemental Savings Plan(8) $200 $200 $200 $200 $200 $200
Welfare Payment - $27,287 $27,287 $27,287 - -
Disability Benefit - - - - - -
Life Insurance - - - - $1,000,000 -
Total Potential Payments $120,913 $1,598,675 $1,899,465 $1,315,675 $2,285,213 $1,319,520