UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Broussard, Alan A.
4 Greenway Plaza
Houston, Texas 77046
USA
2. Issuer Name and Ticker or Trading Symbol
Transocean Offshore Inc.
RIG
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
December 31, 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Assistant Vice President
7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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Common Stock (1) |(2) |J (2|115 (2) |A |(2) |1,640 (3) |I |(3) |
| |) | | | | | | |
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Common Stock | | | | | |900 (4) |D | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
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Explanation of Responses:
(1) All share numbers listed herein have been adjusted to reflect a
two-for-one stock split effected in the form of a 100% stock dividend paid by
the
issuer in September
1997.
(2) Shares acquired under the Transocean Offshore Inc. Savings Plan, including
contributions and dividends, between January 1, 1997 and
December 31, 1997, which shares are exempt under Rule 16b-3. The acquisition
prices ranged from $27.125 to $57.76 per share. The number of
shares listed is approximate because Plan accounting is on a unit
basis.
(3) Shares held under the Transocean Offshore Inc. Savings Plan at December
31, 1997. The number of shares listed is approximate because Plan
accounting is on a unit
basis.
(4) Includes shares of unvested restricted stock granted under the Transocean
Offshore Inc. Long-Term Incentive Plan.
SIGNATURE OF REPORTING PERSON
/s/ Alan A. Broussard by Nicolas J. Evanoff
DATE
February 17, 1998
