STAVANGER, NORWAY--(Marketwire - Nov 2, 2012) - The following primary insider has on 2 November acquired shares in Statoil ASA (OSE:STL, NYSE:STO) at share price of NOK 140.40 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 new total shareholding is listed in the table below. The trade 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 to section 5-12 of the Norwegian Securities Trading Act.
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Source: Statoil via Thomson Reuters ONE