Statoil
oslo : STL

May 07, 2013 02:26 ET

Statoil: Notifiable trading

STAVANGER, NORWAY--(Marketwired - May 7, 2013) -


The following primary insiders have on 6 May acquired shares in Statoil ASA (OSE:STL, NYSE:STO) at a share price of NOK 136.66 in connection with the company's long-term incentive programme.

These are supplementary purchases related to the share purchases that were carried out on 25 March.

The long-term incentive programme 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 shareholding is listed in the table below. The trade has been made through DNB Markets.


Name                     Acquired   New share
                            shares     holding

 Bacher, Lars Christian         73      17,401

 Dodson, Timothy               169      19,237

 Gjærum, Reidar                 41      18,400

 Haugland, Arild J.             35      13,547

 Hovden, Magne Andre            49       7,016

 Klouman, Hans Henrik           68      14,524

 Lund, Helge                   208      60,546

 Michelsen, Øystein             89      23,290

 Nafstad, Hilde                 54       4,919

 Reitan, Torgrim               187      19,656

 Skeie, Svein                   52      14,910

 Sætre, Eldar                   89      25,355

 Øvrum, Margareth              117      31,350

In addition to the supplementary purchase reported above, the following primary insider has on 6 May acquired shares in Statoil ASA (OSE:STL, NYSE:STO) at a share price of NOK 136.66 in connection with the company's long-term incentive programme.


Name                    Acquired   New share
                           shares     holding

 Knight, John Nicholas      9,261      50,086

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: Statoil via Thomson Reuters ONE

[HUG#1699813]

Contact Information

  • Hilde Merete Nafstad
    SVP Investor Relations
    mbl +47 95783911

    Morten Sven Johannessen
    VP Investor Relations USA
    mbl +1 203 570 2524