Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Seadrill Limited
(Name of Issuer)
Common Shares, par value $0.01 per share
(Title of Class of Securities)
G7997W102
(CUSIP Number)
December 31, 2023
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| ☐ | Rule 13d–1(b) |
| ☐ | Rule 13d–1(c) |
| ☒ | Rule 13d–1(d) |
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. G7997W102 | Schedule 13G | Page 1 of 5 |
| (1) | Names of reporting persons
Korea Trade Insurance Corporation | |||||
| (2) | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☐
| |||||
| (3) | SEC use only
| |||||
| (4) | Citizenship or place of organization
Republic of Korea | |||||
| Number of shares beneficially owned by each reporting person with: |
(5) | Sole voting power
0 | ||||
| (6) | Shared voting power
0 | |||||
| (7) | Sole dispositive power
0 | |||||
| (8) | Shared dispositive power
0 | |||||
| (9) |
Aggregate amount beneficially owned by each reporting person
0 | |||||
| (10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
| |||||
| (11) | Percent of class represented by amount in Row (9)
0.0% | |||||
| (12) | Type of reporting person (see instructions)
FI | |||||
| CUSIP No. G7997W102 | Schedule 13G | Page 2 of 5 |
Item 1(a) Name of issuer: Seadrill Limited
Item 1(b) Address of issuer’s principal executive offices:
Park Place, 55 Par la Ville Road, Hamilton, HM 11, Bermuda
2(a) Name of person filing:
Korea Trade Insurance Corporation
2(b) Address or principal business office or, if none, residence:
14, Jong-ro, Jongno-gu, Seoul, Republic of Korea
2(c) Citizenship:
Republic of Korea.
2(d) Title of class of securities:
Common Shares, par value $0.01 per share
2(e) CUSIP No.:
G7997W102
| Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
Not Applicable
| Item 4. | Ownership |
(a) Amount beneficially owned: 0
(b) Percent of class: 0.0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 0
(ii) Shared power to vote or to direct the vote 0.
(iii) Sole power to dispose or to direct the disposition of 0
(iv) Shared power to dispose or to direct the disposition of 0.
| Item 5. | Ownership of 5 Percent or Less of a Class. |
Not Applicable
| Item 6. | Ownership of More than 5 Percent on Behalf of Another Person. |
Not Applicable
| CUSIP No. G7997W102 | Schedule 13G | Page 3 of 5 |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Not Applicable
| Item 8. | Identification and Classification of Members of the Group. |
Not Applicable
| Item 9. | Notice of Dissolution of Group. |
Not Applicable
| Item 10. | Certifications |
Not Applicable
| CUSIP No. G7997W102 | Schedule 13G | Page 4 of 5 |
Signatures
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| Date: January 18, 2024 |
Signature: | /s/ Youngkuk Kim | ||||
| Name: | Youngkuk Kim | |||||
| Title: | Senior Director, Project Restructuring Department |
| CUSIP No. G7997W102 | Schedule 13G | Page 5 of 5 |
LIST OF EXHIBITS
| Exhibit No. |
Description | |
| A | Power of Attorney. | |