ROWAN COMPANIES INC 4
4 · ROWAN COMPANIES INC · Filed Jun 7, 2007
Insider Transaction Report
Form 4
LAUSEN FREDERICK R
Director
Transactions
- Award
Restricted Stock Units
2007-06-06+28→ 10,925 total→ Common Stock (10,897 underlying)
Footnotes (3)
- [F1]Each restricted stock unit (RSU) represents a contingent right to receive one share of the Company's common stock.
- [F2]On June 6, 2007, the Company paid a dividend on its common stock. The Reporting Person received the number of restricted stock units shown above in connection with such dividend.
- [F3]Vested shares are delivered to the reporting person after the final termination date of the reporting person's service as a director. At the election of the Compensation Committee, such payment may be made in cash or common stock of the Company.