AYCOCK LYNDA A 4

4 · ROWAN COMPANIES INC · Filed Feb 4, 2005

Form 4

Period: 2005-02-04

Asst. Treas./Asst. Secretary

Transactions

Exercise/Conversion
Common Stock
2005-02-02+17,000→ 26,799 total
Sale
Common Stock
2005-02-03$29.29/sh−17,000$497,930→ 9,799 total
Exercise/Conversion
Option (Right to Buy)
2005-02-02−2,000→ 0 total
Exercise: $19.63From: 2001-04-25Exp: 2007-04-25→ Common Stock (2,000 underlying)
Exercise/Conversion
Option (Right to Buy)
2005-02-02−10,000→ 0 total
Exercise: $18.25From: 2004-04-27Exp: 2010-04-27→ Common Stock (10,000 underlying)
Exercise/Conversion
Option (Right to Buy)
2005-02-02−5,000→ 0 total
Exercise: $19.75From: 2002-04-24Exp: 2008-04-24→ Common Stock (5,000 underlying)

Footnotes (2)

[F1]Reflects the Reporting Person's aggregated directly-owned shares and indirectly-owned shares (3,886), the latter being shares in the Rowan Common Stock Fund under the Company's 401(k) plan (a unitized plan) at December 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.
[F2]Reflects options granted April 25, 1997, April 24, 1998 and April 27, 2000 under the Rowan Companies, Inc. 1988 Nonqualified Stock Option Plan in a transaction exempt under Rule 16b-3. Each option, which became exercisable 25% for each year from the date of grant, has now been fully excercised.

Documents

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