Kramek Robert E 4
4 · ROWAN COMPANIES INC · Filed Apr 29, 2011
Insider Transaction Report
Form 4
Kramek Robert E
Director
Transactions
- Award
Restricted Stock Units
2011-04-28+3,415→ 18,015 total→ Common Stock (3,415 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 28, 2012 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.