Statoil
oslo : STL

March 25, 2013 09:34 ET

Statoil: Notifiable trading

STAVANGER, NORWAY--(Marketwire - Mar 25, 2013) - The following primary insiders have on 25 March acquired shares in Statoil ASA (OSE:STL, NYSE:STO) at share price of NOK 143.09 in connection with the company's long-term incentive program.

The long-term incentive program is a fixed, monetary compensation calculated as a portion of the participant's base salary; ranging from 20 - 30 per cent depending on the individual's position. On behalf of the participant, the company acquires shares equivalent to the net annual amount. The grant is subject to a three year lock-in period. Number of acquired shares and their new total share holding is listed in the table below. The trade has been made through DNB Markets.

  Name                      Acquired shares    New share holding

  Bacher, Lars Christian              2,180               16,943

  Dodson, Timothy                     2,564               18,850

  Gjærum, Reidar                      1,543               18,093

  Haugland, Arild J.                  1,351               13,288

  Hovden, Magne Andre                 1,453                6,726

  Klouman, Hans Henrik                2,634               14,071

  Lund, Helge                         6,590               60,049

  Michelsen, Øystein                  2,668               22,827

  Nafstad, Hilde                      1,089                4,690

  Reitan, Torgrim                     2,326               19,161

  Skeie, Svein                        1,240               14,552

  Sætre, Eldar                        2,659               24,977

  Thomsen, Kåre                       1,145               16,668

  Øvrum, Margareth                    2,941               30,767

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

The following primary insider in Statoil ASA has sold shares in Statoil ASA:

Benedikte Bjørn, company secretary in Statoil ASA, has on 25 March 2013 sold 284 shares in Statoil ASA at a price of NOK 142.90 per share and will after the sale hold 948 shares in Statoil ASA.

This information is subject of the disclosure requirements pursuant to sections 4-1 and 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: Statoil via Thomson Reuters ONE

[HUG#1687946]

Contact Information

  • Statoil
    4035 Stavanger, Norway
    T. +47 51 99 00 00
    F. +47 51 99 00 50