Home > Insider Trading > Filing (0001209191-11-015858)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
85408	Rowan Companies Inc	RDC	Drilling Oil & Gas Wells (1381)	750759420

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1183342	G Robert Croyle	2800 Post Oak Blvd Suite 5450 Houston TX 77056		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2011-03-04	75,000	$21.19	111,558	No	4	M	Direct
Common Stock	Acquisiton	2011-03-04	67,500	$25.27	179,058	No	4	M	Direct
Common Stock	Disposition	2011-03-04	142,500	$42.98	36,558	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee stock option (right to buy)	Disposition	2011-03-04	75,000	$0.00	75,000	$21.19
Common Stock	Employee stock option (right to buy)	Disposition	2011-03-04	67,500	$0.00	67,500	$22.27

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2004-04-25	2011-12-31	No	4	M	Direct
0	2005-07-21	2011-12-31	No	4	M	Direct

Footnotes

This transaction was executed in multiple trades at prices ranging from $42.70 to $43.29. 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.
This option was to vest in four annual installments commencing on April 25, 2004. However, due to the reporting person's retirement on December 31, 2006, vesting of all unvested options held on the retirement date was accelerated to the date of retirement.
Due to the reporting person's retirement on December 31, 2006, the expiration date of these options is December 31, 2011.
This option was to vest in four annual installments commencing on July 21, 2005. However, due to the reporting person's retirement on December 31, 2006, vesting of all unvested options held on the retirement date was accelerated to the date of retirement.