Filing Details

Accession Number:
0001292850-11-000049
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-03-11 20:21:19
Reporting Period:
2011-03-09
Filing Date:
2011-03-11
Accepted Time:
2011-03-11 20:21:19
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
833081 Pride International Inc PDE Drilling Oil & Gas Wells (1381) 760069030
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1272822 Gregory W Looser 5847 San Felipe, Suite 3300
Houston TX 77057
Srvp & Chief Admin Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2011-03-09 6,137 $0.00 101,802 No 4 M Direct
Common Stock Acquisiton 2011-03-10 45,457 $16.40 147,259 No 4 M Direct
Common Stock Disposition 2011-03-10 45,457 $41.29 101,802 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 Performance-Based Restricted Stock Units Disposition 2011-03-09 6,262 $0.00 6,137 $0.00
Common Stock Stock Options (right to buy) Disposition 2011-03-10 45,457 $0.00 45,457 $16.40
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
12,523 2013-03-15 No 4 M Direct
41,684 2019-01-02 No 4 M Direct
Footnotes
  1. Such date reflects the date on which the Compensation Comittee certified the level of achievement with respect to such performance-based restricted stock units.
  2. 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.
  3. 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.
  4. The options become exercisable in three equal annual installments beginning on January 2, 2010.