PALMER CHARLES ROBERT 4
4 · ROWAN COMPANIES INC · Filed Sep 29, 2004
Insider Transaction Report
Form 4
PALMER CHARLES ROBERT
Director
Transactions
- Sale
Common Stock
[F1]2004-09-28$26.45/sh−65,600$1,735,225→ 1,005,074 total
Footnotes (1)
- [F1]Reflects the Reporting Person's aggregated directly-owned and indirectly-owned shares (10,374), the latter being shares in the Rowan Common Stock Fund under the Company's 401(k) plan (a unitized plan) at August 31, 2004, such number of shares, which fluctuates, being calculated as equivalent values based upon the value of the total units divided by the corresponding closing price of the underlying Rowan Common Stock on that date.
Signature
/s/ Charles Robert Palmer|2004-09-28