Statoil: Notifiable trading
09.05.2014 | GlobeNewswire
STAVANGER, Norway, May 9, 2014 (GLOBE NEWSWIRE) -- The following primary insiders have on 8 May acquired shares in Statoil ASA (OSE:STL, NYSE:STO) at a share price of NOK 185.20 in connection with the company's long-term incentive programme.
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 shares | New shares holding |
| Bacher, Lars Christian | 2,114 | 21,704 |
| Dodson, Timothy | 2,297 | 23,363 |
| Gjærum, Reidar | 1,255 | 21,208 |
| Hilland, Jannicke | 1,124 | 10,782 |
| Hovden, Magne Andre | 1,167 | 8,905 |
| Klouman, Hans Henrik | 2,402 | 19,183 |
| Knight, John Nicholas | 9,525 | 69,842 |
| Lund, Helge | 5,493 | 67,336 |
| Nafstad, Hilde Merete | 916 | 6,361 |
| Nylund, Arne Sigve | 2,074 | 6,859 |
| Reitan, Torgrim | 2,179 | 23,460 |
| Skeie, Svein | 1,023 | 17,609 |
| Sætre, Eldar | 2,456 | 28,666 |
| Øvrum, Margareth | 2,481 | 36,439 |
As participant in the Statoil US Employee Share Savings plan, the Statoil ASA primary-insider Mr. William Maloney has been allocated shares on 8 May 2014, at an average price of USD 26.56:
| Name | Allocated shares* | New share holding* |
| Maloney, William | 528.170103 | 42,888.776024 |
*American Depositary Receipts (ADR)
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
HUG#1784115
Contact
Hilde Merete Nafstad, SVP Investor Relations,
mbl +47 95783911
Morten Sven Johannessen, VP Investor Relations USA,
mbl +1 203 570 2524