STAVANGER, NORWAY--(Marketwire - Nov 2, 2012) - The following primary insider has on 2November acquired shares in Statoil ASA(OSE:STL, NYSE:STO) at share price of NOK 140.40 in connection with thecompany's long-term incentive program.
The long-term incentive program is a fixed, monetary compensationcalculated asa portion of the participant's base salary; ranging from 20 - 30 per centdepending on the individual's position.
On behalf of the participant, the company acquires shares equivalent to thenetannual amount. The grant is subject to a three year lock-in period. Numberofacquired shares and new total shareholding is listed in the table below.Thetrade has been made through DNB Markets.
New Name Purchased shareholding
Bacher, Lars Christian 223 13,375
This information is subject of the disclosure requirements pursuant tosection5-12 of the Norwegian Securities Trading Act.
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Source: Statoil via Thomson Reuters ONE
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