PROVINE WILLIAM C 4
4 · ROWAN COMPANIES INC · Filed Jan 3, 2006
Insider Transaction Report
Form 4
PROVINE WILLIAM C
Vice President
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2005-12-31−5,026→ 0 totalExercise: $6.19Exp: 2013-04-25→ Common Stock (5,026 underlying) - Award
Employee Stock Option (right to buy)
2005-12-31+5,026→ 5,026 totalExercise: $21.19Exp: 2013-04-25→ Common Stock (5,026 underlying)
Footnotes (1)
- [F1]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on April 25, 2003 and provides for vesting in four equal installments commencing on April 25, 2004.