SOURCE: Seadrill Limited

November 17, 2010 02:47 ET

SDRL - Share incentive program 2010

HAMILTON, BERMUDA--(Marketwire - November 17, 2010) - The Board of Seadrill Limited has approved a share incentive program allocating 1,700,000 options to senior management in the Company to acquire shares in Seadrill Limited. The share options were granted on November 16 and have a strike price of NOK 185.20 per share. The purpose of the share ownership plan is to promote long-term employment and the term of the options are therefore 5 years. The options will vest 1/5 each year during the option period which will expire December 31, 2015. 220,000 of these options are granted to primary insiders.

The following Primary Insiders have received share options:

Alf C Thorkildsen       100,000
Esa Ikaheimonen          60,000
Per Wullf                60,000

New total holdings for the same Primary Insiders are:

                         Shares        Share options
Alf C Thorkildsen        20,000              700,000
Esa Ikaheimonen               0              210,000
Per Wullf                     0              210,000

This information is subject of the disclosure requirements acc. to §5- 12 vphl (Norwegian Securities Trading Act)


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Source: Seadrill Limited via Thomson Reuters ONE

Contact Information

  • Jim Datland
    Vice President Investor Relations
    Seadrill Management AS
    +47 51 30 99 19