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2015 Proxy Statement and 2014 Annual Report


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Page0001
Page 1
Contents
Page 2
Letter to Shareholders
Page 3
Page0004
Page 4
Table of Contents
Page 5
Page0006
Page 6
Notice to Shareholders
Page 7
Page0008
Page 8
Proxy 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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Page0017
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Important Notice Regarding the Availability of Proxy Materials
Page 19
Information about the Meeting and Voting
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Page0021
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Page0022
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Page0023
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Page0024
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Agenda Item 1. Approval of the 2014 Annual Report, Including the Audited Consolidated Financial Statements of Transocean Ltd. for Fiscal Year 2014 and the Audited Statutory Financial Statements of Transocean Ltd. for Fiscal Year 2014
Page 25
Agenda Item 2. Discharge of the Members of the Board of Directors and the Executive Management Team from Liability for Activities during Fiscal Year 2014
Page 26
Agenda Item 3. Appropriation of Available Earnings for Fiscal Year 2014
Page 27
Agenda Item 4. Distribution of a Dividend in the Amount of US $0.60 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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Page0029
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Agenda Item 5. Reelection of Ten Directors for a Term Extending Until Completion of the Next Annual General Meeting
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Page0031
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Page0032
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Page0033
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Page0034
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Page0035
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Agenda Item 6. Election of the Chairman of the Board of Directors for a Term Extending Until Completion of the Next Annual General Meeting
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Agenda Item 7. Election of the Members of the Compensation Committee, Each for a Term Extending Until Completion of the Next Annual General Meeting
Page 37
Agenda Item 8. Reelection of the Independent Proxy for a Term Extending Until Completion of the Next Annual General Meeting
Page 38
Agenda Item 9. Appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for Fiscal Year 2015 and Reelection of Ernst & Young Ltd, Zurich, as the Company's Auditor for a Further One-Year Term
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Agenda Item 10. Advisory Vote to Approve Named Executive Officer Compensation
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Agenda Item 11. Prospective Votes on the Maximum Compensation of the Board of Directors and the Executive Management Team
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Agenda Item 12. Approval of the 2015 Long-Term Incentive Plan of Transocean Ltd.
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Page0055
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Corporate Governance
Page 56
Page0057
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Page0059
Page 59
Page0060
Page 60
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Board Meetings and Committees
Page 62
Page0063
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Page0064
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Page0065
Page 65
2014 Director Compensation
Page 66
Page0067
Page 67
Audit Committee Report
Page 68
Page0069
Page 69
Security Ownership of Certain Beneficial Owners
Page 70
Page0071
Page 71
Security Ownership of Directors and Executive Officers
Page 72
Compensation Discussion and Analysis
Page 73
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Compensation Committee Report
Page 94
Executive Compensation
Page 95
- Grants of Plan-Based Awards for 2014
Page 96
- Outstanding Equity Awards at Year-End 2014
Page 97
- Option Exercises and Shares Vested for 2014
Page 98
Page0099
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Page0100
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- Nonqualified Deferred Compensation for 2014
Page 101
- Potential Payments Upon Termination or Change of Control
Page 102
Page0103
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Page0104
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Page0105
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Equity Compensation Plan Information
Page 106
Other Matters
Page 107
Page0108
Page 108
Page0109
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Annex A - Proposed Shareholder Resolution
Page 110
Page0111
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Annex B - 2015 Long Term Incentive Plan
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Page0114
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Page0115
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Index
Page 134
Forward-Looking Information
Page 135
1. Business
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1A. Risk Factors
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1B. Unresolved Staff Comments
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Page0162
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5. Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities
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Page0165
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6. Selected Financial Data
Page 167
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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Page0196
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8. Financial Statements and Supplementary Data
Page 197
- Reports of Independent Registered Public Accounting Firm
Page 198
Page0199
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Page0200
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- Consolidated Statements of Operations
Page 201
- Consolidated Statements of Comprehensive Income (Loss)
Page 202
- Consolidated Balance Sheets
Page 203
- Consolidated Statements of Equity
Page 204
- Consolidated Statements of Cash Flows
Page 205
- Notes to Consolidated Financial Statements
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9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Page 260
10. Directors, Executive Officers and Corporate Governance
Page 261
15. Exhibits and Financial Statement Schedules
Page 262
Page0263
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Page0264
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Page0265
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Page0266
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Page0267
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Page0268
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Signatures
Page 269
Page0270
Page 270
Statutory Financial Statements
Page 271
- Report of the Statutory Auditor on the Financial Statements
Page 272
- Statements of Operations
Page 273
- Balance Sheets
Page 274
- Notes to Statutory Financial Statements
Page 275
Page0276
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Page0277
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Page0279
Page 279
Page0280
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Page0281
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- Proposed Appropriation of Available Earnings
Page 283
Page0284
Page 284
Corporate Governance Report
Page 285
Page0286
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Page0287
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Page0288
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Page0289
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