SEAW- Mandatory notification of trade
(Thomson Reuters ONE) -
HAMILTON, BERMUDA (January 4, 2011)
The Board of Seawell Limited has allocated 7,500,000 of the Company's authorized
but unissued shares to a share incentive program pursuant to which the Board may
grant options to subscribe for new shares to the senior managers in the Seawell
Group. The first 3,770,000 share options under the program were granted on
January 3, 2011 and have a strike price of the January 3 closing price at NOK
36.00 per share. The purpose of the share ownership plan is to promote long-term
employment and the term of the options are therefore 5 years. The options will
vest 1/5 on January 1 each year during the option period. First vesting is
January 1, 2012 and the last on January 1, 2016, provided, however, that those
options vesting in the 5th year will expire on December 31, 2016. 1,895,000 of
these options are granted to primary insiders.
The following Primary Insiders have received share options:
Jorgen P. Rasmussen 800,000
Thorleif Egeli 500,000
Lars Bethuelsen 195,000
Max Bouthillette 300,000
Gunnar Lemvik 100,000
New total holdings for the same Primary Insiders are:
Shares Share Options
Jorgen P. Rasmussen 223,000 1,725,000
Thorleif Egeli 31,500 1,000,000
Lars Bethuelsen 30,000 730,000
Max Bouthillette 450,000
Gunnar Lemvik 350,000
This information is subject of the disclosure requirements acc. to §5-12 vphl
(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: Seawell via Thomson Reuters ONE
[HUG#1476857]
Unternehmensinformation / Kurzprofil:
Datum: 04.01.2011 - 09:02 Uhr
Sprache: Deutsch
News-ID 50193
Anzahl Zeichen: 2469
contact information:
Town:
Stavanger
Kategorie:
Business News
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