WELLS WILLIAM H 4
4 · ROWAN COMPANIES INC · Filed Mar 3, 2011
Insider Transaction Report
Form 4
WELLS WILLIAM H
VP-Finance & CFO
Transactions
- Exercise/Conversion
Common Stock
2011-03-02$21.19/sh+5,025$106,480→ 92,212 total - Sale
Common Stock
2011-03-02$42.86/sh−7,368$315,766→ 84,844 total - Exercise/Conversion
Employee stock option (right to buy)
2011-03-02−5,025→ 0 totalExercise: $21.19From: 2004-04-25Exp: 2013-04-25→ Common Stock (5,025 underlying)
Footnotes (3)
- [F1]Includes 43,745 restricted shares and 13,097 shares held in the savings plan by the reporting person.
- [F2]This transaction was executed in multiple trades at prices ranging from $42.77 to $42.96. The price reported above reflects the average sales 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.
- [F3]This option vested in four annual installments commencing on April 25, 2004.