Seadrill Limited

December 06, 2011 03:04 ET

SDRL - Share incentive program 2011

HAMILTON, BERMUDA--(Marketwire - Dec 6, 2011) - As mentioned in the Third quarter 2011 report, 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 purpose of the share ownership plan is to promote long-term employment and the term of the options is therefore 5 years with ¼ vesting after 18, 36, 48 and 60 months. The strike price has been set at NOK202.1 per share, which was the average volume weighted share price for the last three trading days on the Oslo Stock Exchange.

The following Primary Insiders have received share options:

 Alf C Thorkildsen              100,000

 Esa Ikäheimonen                 60,000

 Per Wullf                       60,000

New total holdings for the same Primary Insiders are:

                         Shares                           Share options

 Alf C Thorkildsen       20,000                               525,000

 Esa Ikäheimonen              0                               220,000

 Per Wullf                    0                               220,000

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Seadrill Limited via Thomson Reuters ONE


Contact Information

  • Seadrill
    +47 51 30 99 00