November 16, 2010 / 7:24 PM / 9 years ago

Halliburton CEO transfers $7 mln in shares to wife

* CEO reduces direct shareholding to 861,957 shares

* Halliburton says move part of Lesar’s estate planning

SAN FRANCISCO, Nov 16 (Reuters) - Halliburton Co (HAL.N) Chief Executive David Lesar has transferred more than $7 million worth of shares, or about 19 percent of his holdings, to his wife, a regulatory filing by the company said on Tuesday.

Lesar, the CEO for a decade who is now based out of the oilfield service company’s regional headquarters in Dubai, transferred 208,000 shares to his spouse on Monday, when they would have been worth $7.45 million at the close of trading.

A Halliburton spokeswoman said the transfer, which cuts Lesar’s direct shareholding to 861,957 shares, was part of his estate planning. He was most recently listed as 56 years old.

Lesar had already reduced his stake in Halliburton by an eighth since Dec. 1 of last year. Halliburton shares, down 2 percent on Tuesday in line with a decline in oil prices, have gained 19 percent in that time. (Reporting by Braden Reddall; Editing by Bernard Orr)

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