Kramek Robert E 4
4 · ROWAN COMPANIES INC · Filed Apr 17, 2012
Insider Transaction Report
Form 4
Kramek Robert E
Director
Transactions
- Exercise/Conversion
Common Stock
2012-04-16+18,015→ 18,015 total - Exercise/Conversion
Restricted Stock Units
2012-04-16−18,015→ 0 totalFrom: 2012-04-16Exp: 2012-04-16→ Common Stock (18,015 underlying) - Disposition to Issuer
Common Stock
2012-04-16−18,015→ 0 total
Footnotes (1)
- [F1]Upon Mr. Kramek's retirement from the Board of Directors of the Company, each restricted stock unit held by Mr. Kramek was settled in cash at the fair market value of one share of the Company's common stock on the settlement date, as determined in accordance with the plan under which the applicable award was granted. The fair market value was $33.19 and $32.54 under the 2005 plan and 2009 plan, respectively.