(6) The <strong>2010</strong> amount includes change in qualified pension benefits of $67,634 <strong>and</strong> non-qualified pension benefits of $482,649. The 2009 amount includes change in qualified pension benefits of $66,778 <strong>and</strong> non-qualified pension benefits of $501,831. The 2008 amount includes change in qualified pension benefits of $60,296 <strong>and</strong> non-qualified pension benefits of $357,658. (7) The <strong>2010</strong> amount includes a cost of living adjustment of $86,745, automobile allowance of $11,474, housing allowance of $160,638, schooling allowance of $83,466, vacation travel allowance of $42,406, Swiss individual tax at source payments of $193,763, Company contributions to Mr. Newman’s <strong>Transocean</strong> U.S. Savings Plan of $14,700, the life insurance premiums paid by the Company on his behalf, the tax gross up for his expatriate assignment allowances of $7,887 <strong>and</strong> fees paid for his financial planning benefit. The cost of living adjustment, automobile, housing <strong>and</strong> schooling allowances <strong>and</strong> Swiss individual tax at source payments described above were converted into USD using exchange rates ranging from 0.967 to 1.131 for CHF to USD. The 2009 amount includes a cost of living adjustment of $71,602, automobile allowance, housing allowance of $80,032, relocation allowance <strong>and</strong> expenses of $126,947, 2009 Swiss individual tax at source payments of $187,944, Company contributions to Mr. Newman’s <strong>Transocean</strong> U.S. Savings Plan of $14,700, interest earned due to over-deduction of 401K of $4,962, the life insurance premiums paid by the Company on his behalf, the tax gross up for his perquisites of $14,357, the total fees paid for his club membership, the cost of his financial planning benefit, <strong>and</strong> the cost of his annual executive physical. The 2009 cost of living adjustment, automobile allowance, housing allowance, moving allowance <strong>and</strong> 2009 Swiss individual tax at source payments described above were converted into USD using exchange rates ranging from 1.09 to 1.12 for CHF to USD. The 2008 amount includes Company contributions to Mr. Newman’s <strong>Transocean</strong> U.S. Savings Plan of $10,350, Company contributions to his <strong>Transocean</strong> U.S. Supplemental Savings Plan of $15,431, the life insurance premiums paid by the Company on his behalf, the cost of his financial planning benefit, the tax gross up for his perquisites of $338, the total fees paid for his club membership <strong>and</strong> the cost of his annual executive physical. (8) For <strong>2010</strong>, Mr. Rosa’s base pay was converted into USD using exchange rates ranging from 0.967 to 1.131 for CHF to USD. The 2009 amount includes payment for accrued but unused vacation to Mr. Rosa in the amount of $37,692 <strong>and</strong> a vacation travel allowance of $5,271. For 2009, Mr. Rosa’s base pay <strong>and</strong> vacation travel allowance were converted into USD using exchange rates ranging from 1.01 to 1.09 for CHF to USD. (9) The <strong>2010</strong> amount includes change in qualified pension benefits of $187,964. The 2009 amount includes change in qualified pension benefits of $184,248. (10) The <strong>2010</strong> amount includes a cost of living adjustment of $77,984, automobile allowance of $11,474, housing allowance of $143,835, vacation travel allowance, Swiss individual tax at source payments of $257,824, Company contributions to Mr. Rosa’s <strong>Transocean</strong> Management Ltd. Pension Plan of $114,296, tax reimbursement for French tax of $65,168, the life insurance premiums paid by the Company on his behalf, <strong>and</strong> the fees paid for his financial planning benefit. The payments described above were converted into USD using exchange rates ranging from 0.967 to 1.131 for CHF to USD. The 2009 amount includes a cost of living adjustment of $24,239, exchange rate coefficient of $8,009, automobile allowance of $16,496, housing allowance of $145,557, relocation allowance <strong>and</strong> expenses of $92,464, Company contributions to Mr. Rosa’s <strong>Transocean</strong> International Savings Plan of $14,000, <strong>Transocean</strong> Inc. International Retirement Plan of $24,796, <strong>and</strong> <strong>Transocean</strong> Management Ltd. Pension Plan of $35,234, 2009 Swiss individual tax at source payments of $54,218, reimbursement for prior year U.S. tax payments of $234,774, tax reimbursement for French tax of $57,871, reimbursement of French wealth tax of $69,991, the tax gross up for his perquisites of $171,431, the life insurance premiums paid by the Company on his behalf, <strong>and</strong> the cost of his annual executive physical. The cost of living adjustment, automobile allowance, moving allowance, reimbursement of French wealth tax, 2009 Swiss individual tax at source payments, tax gross up <strong>and</strong> <strong>Transocean</strong> Management Ltd. pension plan contribution amounts were converted into USD using exchange rates ranging from 1.03 to 1.09 for CHF to USD <strong>and</strong> an exchange rate of 1.39 for EUR to USD. The reimbursement of French tax amount was converted into USD using an exchange rate of 1.39 for EUR to USD. (11) The 2009 amount includes a vacation travel allowance of $25,325. (12) The <strong>2010</strong> amount includes change in qualified pension benefits of $124,128 <strong>and</strong> non-qualified pension benefits of $272,067. The 2009 amount includes change in qualified pension benefits of $171,438 <strong>and</strong> non-qualified pension benefits of $522,705. The 2008 amount includes change in qualified pension benefits of $97,799 <strong>and</strong> non-qualified pension benefits of $432,463. (13) The <strong>2010</strong> amount includes a cost of living adjustment of $80,811, automobile allowance of $11,474, housing allowance of $160,638, vacation travel allowance of $29,500, Swiss individual tax at source payments of $547,978, tax equalization payment of $125,467, Company contributions to Mr. Brown’s <strong>Transocean</strong> U.S. Savings Plan of $14,700, the life insurance premiums paid by the Company on his behalf, the tax gross up for his perquisites <strong>and</strong> expatriate assignment allowances of $11,996, fees paid for his financial planning benefit <strong>and</strong> club membership dues. The cost of living adjustment, automobile <strong>and</strong> housing allowances <strong>and</strong> Swiss individual tax at source payments described above were converted into USD using exchange rates ranging from 0.967 to 1.131 for CHF to USD. The 2009 amount includes a cost of living adjustment of $64,450, automobile allowance of $10,107, housing allowance of $154,406, relocation allowance <strong>and</strong> expenses of $114,194, 2009 Swiss individual tax at source payments of $278,955, Company contributions to Mr. Brown’s <strong>Transocean</strong> U.S. Savings Plan of $14,700, the life insurance premiums paid by the Company on his behalf, the tax gross up for his perquisites of $8,516, the total fees paid for his club membership, <strong>and</strong> the cost of his annual executive physical. The 2009 cost of living adjustment, automobile allowance, housing allowance, moving allowance <strong>and</strong> 2009 Swiss individual tax at source payments described above were converted into USD using exchange rates ranging from 1.09 to 1.13 for CHF to USD. The 2008 amount includes Company contributions to Mr. Brown’s <strong>Transocean</strong> U.S. Savings Plan, Company contributions to his <strong>Transocean</strong> U.S. Supplemental Savings Plan, the life insurance premiums paid by the Company on his behalf, the cost of his financial planning benefit, the tax gross up for his perquisites of $21,783, the total fees paid for his club membership <strong>and</strong> the cost of his annual executive physical. (14) In <strong>2010</strong>, Mr. Bobillier’s base pay was converted into USD using exchange rates ranging from 0.967 to 1.131 for CHF to USD. The 2009 amount includes payment for accrued but unused vacation to Mr. Bobillier in the amount of $123,952 <strong>and</strong> a vacation travel allowance of $12,532. In 2009, Mr. Bobillier’s base pay, unused vacation <strong>and</strong> a vacation travel allowance were converted into USD using exchange rates ranging from 1.06 to 1.09 for CHF to USD <strong>and</strong> an exchange rate of 1.39 for EUR to USD. (15) The <strong>2010</strong> amount includes change in qualified pension benefits of $106,215. The 2009 amount includes change in qualified pension benefits of $3,761. (16) The <strong>2010</strong> amount includes a cost of living adjustment of $67,887, automobile allowance of $11,474, housing allowance of $143,835, vacation travel allowance of $10,208, Swiss individual tax at source payments of $209,277, Company contributions to Mr. Bobillier’s <strong>Transocean</strong> Management Ltd. Pension Plan of $111,863, the life insurance premiums paid by the Company on his behalf, fees paid for his financial planning benefit of $13,928 <strong>and</strong> club membership dues of $16,133. The payments described above were converted into USD using exchange rates ranging from 0.967 to 1.131 for CHF to USD. The 2009 amount included a cost of living adjustment of $57,749, automobile allowance of $10,107, housing allowance of $150,834, relocation allowance <strong>and</strong> expenses of $174,468, 2009 Swiss individual tax at source payments of $123,626, Company contributions to Mr. Bobillier’s French Savings Plan of $2,254, <strong>and</strong> <strong>Transocean</strong> Management Ltd. Pension Plan of $85,758, <strong>and</strong> the cost of his annual executive physical. The cost of living adjustment, automobile allowance, moving allowance, 2009 Swiss individual tax at source payments, tax gross up <strong>and</strong> <strong>Transocean</strong> Management Ltd. pension plan contribution amounts were converted into USD using exchange rates ranging from 1.06 to 1.09 for CHF to USD <strong>and</strong> an exchange rate of 1.39 for EUR to USD. The reimbursement of French Savings Plan amount was converted into USD using an exchange rate of 1.39 for EUR to USD. P-58
(17) In <strong>2010</strong>, Mr. Toma’s base pay was converted into USD using exchange rates ranging from 0.967 to 1.131 for CHF to USD. (18) The <strong>2010</strong> amount includes change in qualified pension benefits of $80,767. (19) The <strong>2010</strong> amount includes a cost of living adjustment of $63,525, automobile allowance of $11,474, housing allowance of $143,835, vacation travel allowance, Swiss individual tax at source payments of $76,651, Company contributions to Mr. Toma’s <strong>Transocean</strong> Management Ltd. Pension Plan of $81,165, <strong>and</strong> the life insurance premiums paid by the Company on his behalf. The payments described above were converted into USD using exchange rates ranging from 0.967 to 1.131 for CHF to USD. (20) The <strong>2010</strong> amount includes an unused vacation payout of $19,229. The 2009 amount includes a vacation travel allowance of $12,663. (21) The <strong>2010</strong> amount includes change in qualified pension benefits of $144,030 <strong>and</strong> non-qualified pension benefits of $246,429. The 2009 amount includes change in qualified pension benefits of $153,271 <strong>and</strong> non-qualified pension benefits of $3,390,909. The 2008 amount includes change in qualified pension benefits of $177,346 <strong>and</strong> non-qualified pension benefits of $4,064,334. (22) Mr. Long retired from the Company on February 28, <strong>2010</strong>, <strong>and</strong> the <strong>2010</strong> amount includes a retirement distribution of $13,887,691, cost of living adjustment of $14,648, automobile allowance, housing allowance of $10,675, moving expenses of $26,504, Swiss individual tax at source payments of $222,994, tax equalization payment of $190,311, Company contributions to Mr. Long’s <strong>Transocean</strong> U.S. Savings Plan of $10,500, the life insurance premiums paid by the Company on his behalf, the tax gross up for his perquisites <strong>and</strong> expatriate assignment allowances of $12,552, fees paid for his financial planning benefit <strong>and</strong> club membership dues. The cost of living adjustment, automobile <strong>and</strong> housing allowances <strong>and</strong> Swiss individual tax at source payments described above were converted into USD using exchange rates ranging from 0.967 to 1.131 for CHF to USD. The 2009 amount includes a cost of living adjustment of $71,602, automobile allowance of $10,107, housing allowance of $133,095, moving allowance <strong>and</strong> expenses of $73,909, 2009 Swiss individual tax at source payments of $386,916, Company contributions to Mr. Long’s <strong>Transocean</strong> U.S. Savings Plan of $14,700, interest earned due to over-deduction of 401K of $4,627, the life insurance premiums paid by the Company on his behalf, the tax gross up for his perquisites of $17,400, the total fees paid for his club membership, the cost of his financial planning benefit, <strong>and</strong> the cost of his annual executive physical. The 2009 cost of living adjustment, automobile allowance, housing allowance, moving allowance <strong>and</strong> 2009 Swiss individual tax at source payments described above were converted into USD using exchange rates ranging from 1.09 to 1.13 for CHF to USD. The 2008 amount includes Company contributions to Mr. Long’s <strong>Transocean</strong> U.S. Savings Plan of $13,800, Company contributions to his <strong>Transocean</strong> U.S. Supplemental Savings Plan of $36,891, the life insurance premiums paid by the Company on his behalf, the cost of his financial planning benefit, the tax gross up for his perquisites of $433, the total fees paid for his club membership <strong>and</strong> the cost of his annual executive physical. (23) The <strong>2010</strong> amount includes an unused vacation payout of $9,959. (24) The <strong>2010</strong> amount includes change in qualified pension benefits of $16,526 <strong>and</strong> non-qualified pension benefits of $1,895,766. The non-qualified pension benefits include service through May 31, <strong>2010</strong>. The present value was discounted back to May 31, <strong>2010</strong>. (25) Ms. Richard resigned from the Company on May 31, <strong>2010</strong> <strong>and</strong> received compensation subject to the terms of a severance agreement with the Company. The <strong>2010</strong> amount includes severance payments of $1,287,083, retirement plan distributions of $3,065,576, excise tax paid by the Company on her behalf of $576,948, Company contributions to Ms. Richard’s <strong>Transocean</strong> U.S. Savings Plan of $8,000, the life insurance premiums paid by the Company on her behalf, the tax gross up for her perquisites <strong>and</strong> severance benefits of $907,878, <strong>and</strong> the total fees paid for her club membership. P-59
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Transocean Proxy Statement and 2010
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2010 LETTER TO THE SHAREHOLDERS We
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In addition to a focus on meeting o
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Agenda Items INVITATION TO ANNUAL G
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(9) Election of Three New Directors
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We may accept a proxy by any form o
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PROXY STATEMENT FOR ANNUAL GENERAL
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of the dividend reserve from capita
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You may revoke your proxy card at a
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- Page 53 and 54: $100,000. Accordingly, neither Long
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The application of the Working Time
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We are subject to litigation that,
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these tests, “passive income” i
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Item 2. Properties The description
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LDEQ would not rescind the enforcem
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Patent litigation—In 2007, severa
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Executive Officers of the Registran
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PART II Item 5. Market for Registra
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the “virtual second trading line
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Item 6. Selected Financial Data The
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payment of $453 million. In connect
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Midwater Floaters—For our Midwate
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Fleet average daily revenue—The f
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services operations and (d) approxi
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Depreciation, depletion and amortiz
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AR-49 Years ended December 31, 2010
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During the year ended December 31,
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applicable margin, ranging from 3.1
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Contractual obligations—As of Dec
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Plan assets—We review our investm
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Ports and Waterways Safety Act, the
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such U.S. business. In November 200
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Related Party Transactions Pacific
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and the long-term impact of those u
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in partial exposure to foreign exch
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REPORT OF INDEPENDENT REGISTERED PU
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To the General Meeting of Transocea
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TRANSOCEAN LTD. AND SUBSIDIARIES CO
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TRANSOCEAN LTD. AND SUBSIDIARIES CO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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Note 13—Postemployment Benefit Pl
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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TRANSOCEAN LTD. AND SUBSIDIARIES NO
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PART III Item 10. Directors, Execut
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(3) Exhibits The following exhibits
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4.26 Third Supplemental Indenture,
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* 10.36 GlobalSantaFe Corporation 2
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SIGNATURES Pursuant to the requirem
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TRANSOCEAN LTD. STATUTORY FINANCIAL
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TRANSOCEAN LTD. STATEMENT OF OPERAT
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Note 1—General TRANSOCEAN LTD. NO
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TRANSOCEAN LTD. NOTES TO STATUTORY
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Note 7—Board of Directors Compens
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TRANSOCEAN LTD. NOTES TO STATUTORY
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TRANSOCEAN LTD. NOTES TO STATUTORY
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As of December 31, 2009 Name TRANSO
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As of December 31, 2009 TRANSOCEAN
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TRANSOCEAN LTD. NOTES TO STATUTORY
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provided, however, that: TRANSOCEAN
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Transocean is a leading internation
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Under the terms and conditions cont
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As of December 31, 2010, December 3
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3. Board of Directors 3.1/ The memb
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Corporation during 1994 and 1995 an
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� Members of Executive Management
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Long-Term Incentive Plan The annual
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Pension Benefits for Fiscal Year 20
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Our Articles of Association further
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7. Mandatory Offer Requirement / Ch
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Annex 1 Subsidiaries of Transocean
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Name Jurisdiction Registered Office
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Name Jurisdiction Registered Office
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Board Of Directors Robert E. Rose C