LOOSER W GREGORY 4

4 · PRIDE INTERNATIONAL INC · Filed Mar 11, 2011

Form 4

Period: 2011-03-09

SrVP/General Counsel/Secretary

Transactions

Sale
Common Stock
2011-03-10$41.29/sh−45,457$1,876,920→ 101,802 total
Exercise/Conversion
Common Stock
2011-03-10$16.40/sh+45,457$745,495→ 147,259 total
Exercise/Conversion
Performance-Based Restricted Stock Units
2011-03-09−6,262→ 12,523 total
Exp: 2013-03-15→ Common Stock (6,137 underlying)
Exercise/Conversion
Stock Options (right to buy)
2011-03-10−45,457→ 41,684 total
Exercise: $16.40Exp: 2019-01-02→ Common Stock (45,457 underlying)
Exercise/Conversion
Common Stock
2011-03-09+6,137→ 101,802 total

Footnotes (4)

[F1]Such date reflects the date on which the Compensation Comittee certified the level of achievement with respect to such performance-based restricted stock units.
[F2]This transaction was executed in multiple trades at prices ranging from $41.19 to $41.38. The price reported above reflects the weighted 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]The performance-based restricted stock units vest as to one-third annually over a three-year period in an amount ranging from 0-150% of the units awarded based upon company total shareholder return compared with the total shareholder return of a designated peer group over a performance period corresponding to the vesting periods. The units provide for payment of all earned shares in common stock following the end of the three-year period.
[F4]The options become exercisable in three equal annual installments beginning on January 2, 2010.

Documents

1 file