X0202 4 2007-07-21 0001083269 TRANSOCEAN INC RIG 0001249071 CAUTHEN GREGORY L 4 GREENWAY PLAZA HOUSTON TX 77046 0 1 0 0 Sr. VP and CFO Ordinary Shares 2007-07-21 4 A 0 12908 0 A 29339 D Ordinary Shares 823 I By Issuer Employee Stock Purchase Plan On July 21, 2007, in connection with the Company's annual award grants, the reporting person was awarded 12,908 restricted shares which vest as follows: 4,302 shares on July 21, 2008, 4,303 shares on July 21, 2009 and 4,303 shares on July 21, 2010. Pursuant to the Amendment to the Amended and Restated Long-Term Incentive Plan of the Company filed on Form 8-K by the Company on July 23, 2007, the consummation of the contemplated merger by way of a scheme of arrangement of GlobalSantaFe Corporation with Transocean Worldwide Inc., with Transocean Worldwide Inc. surviving as a direct wholly owned subsidiary of the Company, shall not be a 'Change of Control' with respect to these restricted shares. Chipman Earle 2007-07-24