Before the options convertion transocean held just over 26 million shares, they then converted all there options which was just over 39 million of them which gave them a holding of about 65 million, they now hold just over 40 million which is still 14 million more then they had before the option convertion.
Will they hold the rest of these or will they sell the rest of the converted options?? Time will tell but id say they have finished.
transocean, page-3
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