8-K 1Q Dividend Announcement

                                                               
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8‑K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 21, 2013

TRANSOCEAN LTD.
(Exact name of registrant as specified in its charter)

Switzerland
000-53533
98-0599916
(State or other jurisdiction of incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
Identification No.)

 
 
 
10 Chemin de Blandonnet
1214 Vernier, Geneva
Switzerland
 
CH-1214
(Address of principal executive offices)
 
(zip code)

Registrant’s telephone number, including area code: +41 (22) 930-9000
    
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  
      




Item 8.01 Other Events.

On May 21, 2013, Transocean Ltd. (the "Company") issued a press release announcing the schedule for the payment of the first of four quarterly dividend installments totaling $2.24 per share, which was approved by the shareholders at the Company's 2013 Annual General Meeting held on May 17, 2013. The Company will pay the first installment of $0.56 in accordance with the following schedule:

May 29, 2013 - Ex-dividend date
May 31, 2013 - Record date
June 19, 2013 - Installment payment date to U.S. and Swiss shareholders

For shareholders who choose to receive the first dividend installment in Swiss francs, the dividend payment will be converted into Swiss francs as transacted by Computershare on or about June 17, 2013. The period to elect to receive payment of the first dividend installment in Swiss francs starts on June 3, 2013, 5 p.m. Eastern Daylight Time (EDT), 11 p.m. Central European Summer Time (CEST), and ends on June 7, 2013, 5 p.m., EDT, 11 p.m. CEST.

The Company’s press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Statements regarding the proposed dividend and timing of dividend payment dates, as well as any other statements that are not historical facts, are forward-looking statements that involve certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.


Item 9.01. Financial Statements and Exhibits

(d) Exhibits.
 
Exhibit No.

 
Description

 
 
99.1
 
Press Release dated May 21, 2013






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


TRANSOCEAN LTD.



Date: May 21, 2013                By    /s/ Jill S. Greene                                                Jill S. Greene
Authorized Person
            




Index to Exhibits

Exhibit
Number    Description

99.1
Press Release dated May 21, 2013