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