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.
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Source: Statoil via Thomson Reuters ONE