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Prospectus Supplement Filed Pursuant to Rule 424(b)(3)
(To Prospectus dated October 12, 2000) Registration Number 333-44960
$805,000,000
Diamond Offshore Drilling, Inc.
Zero Coupon Convertible Debentures Due June 6, 2020
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This prospectus supplement relates to the resale by the holders of our
Zero Coupon Convertible Debentures Due June 6, 2020 and the shares of our common
stock issuable upon the conversion of the debentures.
This prospectus supplement should be read in conjunction with, and may
not be delivered or utilized without, the prospectus dated October 12, 2000. The
terms of the debentures are set forth in the prospectus.
The information in the table appearing under the heading "Selling
Securityholders" in the prospectus is amended by adding the information below
with respect to persons not previously listed in the prospectus and by
superceding the information with respect to persons previously listed in the
prospectus that are listed below.
<TABLE>
<CAPTION>
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
PRINCIPAL AMOUNT AT NUMBER OF
MATURITY OF DEBENTURES PERCENTAGE OF CONVERSION
BENEFICIALLY OWNED DEBENTURES SHARES THAT
NAME THAT MAY BE SOLD OUTSTANDING MAY BE SOLD
----
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
<S> <C> <C> <C>
Alta Partners Holdings, LDC......................... 12,500,000 1.55 107,593
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
Conesco Fund Group - Convertible Securities
Fund............................................. 1,000,000 0.12 8,607
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
Conesco Annuity Assurance - Multi-Bucket
Annuity Convertible Bond Fund.................... 3,000,000 0.37 25,822
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
Conesco Annuity Assurance Company -
Convertible...................................... 1,000,000 0.12 8,607
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
Employee Benefit Convertible Securities Fund........ 500,000 0.06 4,303
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
Nations Convertible Securities Fund ................ 8,400,000 1.04 72,303
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
SG Cowen Securities Corporation..................... 15,000,000 1.86 129,112
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
Allstate Insurance Company.......................... 5,000,000 0.62 43,037
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
Allstate Life Insurance Company..................... 13,000,000 1.61 111,897
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
Onxy Fund Holdings, LDC............................. 11,000,000 1.37 94,962
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
Clinton Riverside Convertible Portfolio Limited..... 5,000,000 0.62 43,037
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
Salomon Smith Barney Inc. 2,000,000 0.25 17,215
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
Any other holder of Debentures or future transferee
from any such holder (1)............................ 353,563,000 43.92% 3,043,293
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
Total............................................... $805,000,000 100.00% 6,929,036(2)
----------------------------------------------------- --- ------------------------ -- ---------------- -- ---------------
</TABLE>
(1) Information concerning other selling holders of Debentures will be set forth
in prospectus supplements from time to time, if required.
(2) The conversion shares do not total 6,929,038 shares due to rounding
resulting from the elimination of fractional shares.
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The date of this prospectus supplement is October 23, 2000.
