Russell David Patrick 4
4 · ROWAN COMPANIES INC · Filed Dec 6, 2010
Insider Transaction Report
Form 4
Russell David Patrick
Executive V.P. - Drilling
Transactions
- Tax Payment
Common Stock
2010-12-02$30.90/sh−12,391$382,882→ 108,412 total - Sale
Common Stock
2010-12-02$32.05/sh−12,500$400,568→ 95,912 total
Footnotes (4)
- [F1]These shares were sold to the company in payment of a tax liability due to the vesting of restricted stock awarded to the reporting person. Such restricted stock vested on December 2, 2010.
- [F2]Sales price is the average of the high and low stock trading price on December 1, 2010.
- [F3]Includes 54,169 shares of restricted stock held by the reporting person and 10,375 shares held in such reporting person's savings plan account.
- [F4]This transaction was executed in multiple trades at prices ranging from $31.99 to $32.1075. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.