ROWAN COMPANIES INC 4
4 · ROWAN COMPANIES INC · Filed May 19, 2005
Insider Transaction Report
Form 4
PROVINE WILLIAM C
Vice President
Transactions
- Award
Option (Right to Buy)
2005-05-17+4,000→ 4,000 totalExercise: $24.98From: 2006-05-17Exp: 2015-05-17→ Common Stock (4,000 underlying) - Award
Common Stock
2005-05-17+2,000→ 102,120 total
Footnotes (2)
- [F1]Reflects the Reporting Person's aggregated directly-owned and indirectly-owned shares (5,631), the latter being shares in the Rowan Common Stock Fund under the Company's 401(k) plan (a unitized plan) at April 30, 2005, 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 uderlying Rowan Common Stock on that date.
- [F2]This option, which was granted May 17, 2005 under the 2005 Rowan Companies, Inc. Long-Term Incentive Plan, vests in four equal installments beginning on May 17, 2006.