0001209191-11-022713.txt : 20110412 0001209191-11-022713.hdr.sgml : 20110412 20110412211606 ACCESSION NUMBER: 0001209191-11-022713 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110411 FILED AS OF DATE: 20110412 DATE AS OF CHANGE: 20110412 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: WELLS WILLIAM H CENTRAL INDEX KEY: 0001183395 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-05491 FILM NUMBER: 11756006 MAIL ADDRESS: STREET 1: 2800 POST OAK BLVD STREET 2: STE 5450 CITY: HOUSTON STATE: TX ZIP: 77056-6127 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ROWAN COMPANIES INC CENTRAL INDEX KEY: 0000085408 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 750759420 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2800 POST OAK BLVD. STREET 2: SUITE 5450 CITY: HOUSTON STATE: TX ZIP: 77056-6127 BUSINESS PHONE: 7136217800 MAIL ADDRESS: STREET 1: 2800 POST OAK BOULEVARD STREET 2: SUITE 5450 CITY: HOUSTON STATE: TX ZIP: 77056-6127 FORMER COMPANY: FORMER CONFORMED NAME: ROWAN DRILLING CO INC DATE OF NAME CHANGE: 19711110 FORMER COMPANY: FORMER CONFORMED NAME: ROWAN DRILLING CO DATE OF NAME CHANGE: 19671112 4 1 doc4.xml FORM 4 SUBMISSION X0303 4 2011-04-11 0 0000085408 ROWAN COMPANIES INC RDC 0001183395 WELLS WILLIAM H 2800 POST OAK BLVD SUITE 5450 HOUSTON TX 77056 0 1 0 0 SVP & CFO Common Stock 2011-04-11 4 A 0 9045 42.805 A 92601 D Common Stock 2011-04-11 4 F 0 2392 42.805 D 90209 D Common Stock 2011-04-11 4 F 0 585 42.805 D 89624 D The company's Compensation Committee awarded these shares to the reporting person in settlement of perfomance shares granted in April 2008. The sales price is the average stock price on April 8, 2011. Includes 39,061 shares of restricted stock and 13,047 shares in the Company's savings plan held by the reporting person. These shares were sold to the company in payment of a tax liability due to the settlement of the April 2008 performance share award and the vesting of an April 2008 restricted stock award. Includes 36,849 shares of restricted stock and 13,047 shares in the Company's savings plan held by the reporting person. /s/ Melanie M. Trent, attorney-in-fact 2011-04-12