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2014 Proxy Statement and 2013 Annual Report


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Page0001
Page 1
Contents
Page 2
Letter to Shareholders
Page 3
Page0004
Page 4
Notice to Shareholders
Page 5
Page0006
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Table of Contents
Page 7
Page0008
Page 8
Proxy Statement Summary
Page 9
Page0010
Page 10
Page0011
Page 11
Invitation to Annual General Meeting of Transocean Ltd.
Page 12
Page0013
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Page0014
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Page0015
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Information about the Meeting and Voting
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Page0023
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Page0025
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Page0026
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Agenda Item 1. Approval of the 2013 Annual Report, Including the Consolidated Financial Statements of Transocean Ltd. for Fiscal Year 2013 and the Statutory Financial Statements of Transocean Ltd. for Fiscal Year 2013
Page 27
Agenda Item 2. Discharge to the Members of the Board of Directors and the Executive Management from Liability for Activities during Fiscal Year 2013
Page 28
Agenda Item 3. Appropriation of Available Earnings for Fiscal Year 2013
Page 29
Agenda Item 4. Distribution of a Dividend in the Amount of US$3.00 per Outstanding Share of the Company out of the General Legal Reserves from Capital Contribution (by way of a release and allocation of general legal reserves from capital contribution to dividend reserves from capital contribution.)
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Agenda Item 5. Adoption of Authorized Share Capital
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Agenda Item 6. Reduction of the Maximum Number of the Members of the Board of Directors to 11 from 14
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Agenda Item 7. Amendments to the Articles of Association to Implement the Minder Ordinance
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Agenda Item 8. Amendment of Article 18 para. 2 of the Articles of Association Regarding the Applicable Vote Standard for Elections of Directors, the Chairman and the Members of the Compensation Committee
Page 42
Agenda Item 9. Amendment of Article 14 para. 1 of the Articles of Association Regarding Shareholder Agenda Item Requests Pursuant to Swiss Law
Page 43
Agenda Item 10. Reelection of Ten Directors and Election of One New Director, Each for a Term Extending Until Completion of the Next Annual General Meeting
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Agenda Item 11. Election of the Chairman of the Board of Directors for a Term Extending Until Completion of the Next Annual General Meeting
Page 51
Agenda Item 12. Election of the Members of the Compensation Committee, Each for a Term Extending Until Completion of the Next Annual General Meeting
Page 52
Agenda Item 13. Election of the Independent Proxy for a Term Extending Until Completion of the Next Annual General Meeting
Page 53
Agenda Item 14. Appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for Fiscal Year 2014 and Reelection of Ernst & Young Ltd, Zurich, as the Company's Auditor for a Further One-Year Term
Page 54
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Agenda Item 15. Advisory Vote to Approve Named Executive Officer Compensation
Page 56
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Agenda Item 16. Reapproval of the Material Terms of the Performance Goals Under the Long-Term Incentive Plan of Transocean Ltd.
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Corporate Governance
Page 65
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Page0068
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Page0069
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Board Meetings and Committees
Page 70
Page0071
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Page0073
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2013 Director Compensation
Page 75
Page0076
Page 76
Audit Committee Report
Page 77
Security Ownership of Certain Beneficial Owners
Page 78
Page0079
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Security Ownership of Directors and Executive Officers
Page 80
Compensation Discussion and Analysis
Page 81
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Compensation Committee Report
Page 101
Executive Compensation
Page 102
- Grants of Plan-Based Awards for 2013
Page 103
- Outstanding Equity Awards at Year-End 2013
Page 104
- Option Exercises and Shares Vested for 2013
Page 105
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Page0107
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- Nonqualified Deferred Compensation for 2013
Page 108
- Potential Payments Upon Termination or Change of Control
Page 109
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Page0112
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Page0113
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Equity Compensation Plan Information
Page 114
Other Matters
Page 115
Page0116
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Annexes
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Index
Page 151
Forward-Looking Information
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1. Business
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1A. Risk Factors
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1B. Unresolved Staff Comments
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5. Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities
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6. Selected Financial Data
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7. Management's Discussion and Analysis of Financial Condition and Results of Operations
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7A. Quantitative and Qualitative Disclosures About Market Risk
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8. Financial Statements and Supplementary Data
Page 214
- Reports of Independent Registered Public Accounting Firm
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Page0216
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- Consolidated Statements of Operations
Page 218
- Consolidated Statements of Comprehensive Income (Loss)
Page 219
- Consolidated Balance Sheets
Page 220
- Consolidated Statements of Equity
Page 221
- Consolidated Statements of Cash Flows
Page 222
- Notes to Consolidated Financial Statements
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9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Page 279
10. Directors, Executive Officers and Corporate Governance
Page 280
15. Exhibits and Financial Statement Schedules
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Page0282
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Page0283
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Page0284
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Signatures
Page 287
Page0288
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Statutory Financial Statements
Page 289
- Report of the Statutory Auditor on the Financial Statements
Page 290
- Statements of Operations
Page 291
- Balance Sheets
Page 292
- Notes to Statutory Financial Statements
Page 293
Page0294
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- Proposed Appropriation of Available Earnings
Page 305
Page0306
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Corporate Governance Report
Page 307
Page0308
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Page0309
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