SDRL - Notification of trade and increased share capital
(Thomson Reuters ONE) -
The following primary insiders in Seadrill Limited have exercised options and
consequently increased their shareholding accordingly:
John Fredriksen1)
Options exercised 350 000
Remaining options 0
Holding of shares after the transaction 350 000
Tor Olav Trøim2)
Options exercised 275 000
Remaining options 0
Holding of shares after the transaction 625 000
Kate Blankenship
Options exercised 30 000
Remaining options 20 000
Holding of shares after the transaction 41 000
The original strike price in 2005 was set to USD2.23 for all of the exercised
options. This price reflected a 10 % premium to the share price when the plan
was approved and the directors commenced their duties. The strike price has
further been increased by 10 % p.a. The individuals exercising these options
will be compensated for dividends paid since the grant of the options.
As a consequence of the exercised options the issued share capital in Seadrill
Limited increased from 399,133,216 to 399,788,216.
1) Hemen Holding Ltd or Hemen owns 132,747,583 shares in Seadrill Limited, of
which the shares are held in trusts established by Mr. John Fredriksen for the
benefit of his immediate family. Mr. Fredriksen disclaims beneficial ownership
of the Seadrill limited shares owned by Hemen, except to the extent of his
voting and dispositive interest in such shares of common stock. Mr. Fredriksen
has no pecuniary interest in the shares held by Hemen. In addition, to the
holdings of the shares mention above, Hemen is party to separate total return
swap agreements relating to 3,500,000 of common shares in Seadrill limited.
2) Drew Investment Ltd. or Drew Investment, is a company controlled by Tor Olav
Trøim. In addition to the to the holdings of shares in the table above, Drew
Investment is party to separate total return swap agreements relating to
400,000 of common shares in Seadrill Limited.
Seadrill Limited
Hamilton, Bermuda
March 12, 2010
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1393214]
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Datum: 12.03.2010 - 02:31 Uhr
Sprache: Deutsch
News-ID 1011290
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