MOYNIHAN COLIN B 4
4 · ROWAN COMPANIES INC · Filed May 3, 2010
Insider Transaction Report
Form 4
MOYNIHAN COLIN B
Director
Transactions
- Award
Restricted Stock Units
2010-04-29+4,473→ 21,642 total→ Common Stock (4,473 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Rowan Companies, Inc. common stock.
- [F2]The units vest on the earlier of April 29, 2011 or the date of the next annual meeting of stockholders. Vested shares (including any dividends) will be delivered to the reporting person after the final termination date of the reporting person's service on the Board of Directors. At the election of the Compensation Committee, such payout may be made in cash or shares.