Statoil: Notifiable trading
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.
| New share|
|Bacher, Lars Christian||73||17,401|
|Haugland, Arild J.||35||13,547|
|Hovden, Magne Andre||49||7,016|
|Klouman, Hans Henrik||68||14,524|
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.
| New share|
|Knight, John Nicholas||9,261||50,086|
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