Transocean Proxy Statement and 2010 Annual Report

OTHER MATTERS
Compensation Committee Interlocks and Insider Participation
The members of the Executive Compensation Committee of the Board of Directors during the last
completed fiscal year were Edward R. Muller, Chairman, Martin B. McNamara and Robert M. Sprague.
John L. Whitmire was the Chairman of the Committee until his resignation from the Board in June 2010.
There are no matters relating to interlocks or insider participation that we are required to report.
Section 16(a) Beneficial Ownership Reporting Compliance
Federal securities laws require the Company’s executive officers and directors, and persons who own
more than ten percent of the Company’s shares, to file initial reports of ownership and reports of changes
in ownership of the Company’s equity securities with the Securities and Exchange Commission. Based
solely on a review of such reports furnished to the Company and written representations as to Form 5
requirements for 2010, the Company believes that two officers failed to file a report on a timely basis in
2010 and that no beneficial owner of more than ten percent of the Company’s shares failed to file a report
on a timely basis during 2010. Mr. Rosa failed to timely report the purchase of 175 of the Company’s
shares on July 20, 2010, and Mr. Toma failed to timely report the conversion of 1,411 of his time-vested
deferred units into shares upon the vesting of the deferred units on August 17, 2010.
Solicitation of Proxies
The accompanying proxy is being solicited on behalf of the Board of Directors. The expenses of
preparing, printing and mailing the proxy and the materials used in the solicitation will be borne by us. We
have retained D. F. King & Co., Inc. for a fee of $18,500, plus expenses, to aid in the solicitation of proxies.
Proxies may be solicited by personal interview, mail, telephone, facsimile, Internet or other means of
electronic distribution by our directors, officers and employees, who will not receive additional
compensation for those services. Arrangements also may be made with brokerage houses and other
custodians, nominees and fiduciaries for the forwarding of solicitation materials to the beneficial owners of
shares held by those persons, and we will reimburse them for reasonable expenses incurred by them in
connection with the forwarding of solicitation materials.
Householding
The SEC permits a single set of annual reports and proxy statements to be sent to any household at
which two or more shareholders reside if they appear to be members of the same family. Each shareholder
continues to receive a separate proxy card. This procedure, referred to as householding, reduces the
volume of duplicate information shareholders receive and reduces mailing and printing expenses. A
number of brokerage firms have instituted householding.
As a result, if you hold your shares through a broker and you reside at an address at which two or
more shareholders reside, you will likely be receiving only one annual report and proxy statement unless
any shareholder at that address has given the broker contrary instructions. However, if any such beneficial
shareholder residing at such an address wishes to receive a separate annual report or proxy statement in
the future, or if any such beneficial shareholder that elected to continue to receive separate annual reports
or proxy statements wishes to receive a single annual report or proxy statement in the future, that
shareholder should contact their broker or send a request to Investor Relations at our offices in the United
States, at 4 Greenway Plaza, Houston, Texas 77046. We will deliver, promptly upon written or oral request
to Investor Relations, a separate copy of the 2010 Annual Report and this proxy statement to a beneficial
stockholder at a shared address to which a single copy of the documents was delivered.
Proposals of Shareholders
Shareholder Proposals in the Proxy Statement. Rule 14a-8 under the Securities Exchange Act of 1934
addresses when a company must include a shareholder’s proposal in its proxy statement and identify the
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