Bli medlem
Bli medlem

Du är här

2016-06-07

Petroleum Geo-Services ASA : Settlement of 2013 PRSU Program

1. Settlement

The 2013 Performance based Restricted Stock Unit ("PRSU") program settled on
June 6, 2016. Employees in Petroleum Geo-Services ASA and subsidiaries ("PGS"
or "the Company") have received a total number of 695 665 shares. Following
the transaction, 695 665 shares will be transferred from the Company's
holding of own shares.

Subsequent to the transaction Petroleum Geo-Services ASA holds 707 914 own
shares.

2. Receipt of shares by primary insiders

Out of the abovementioned shares, the following were received by primary
insiders:

Jon Erik Reinhardsen has received 41 500 shares in the Company

Gottfred Langseth has received 24 900 shares in the Company

Guillaume Cambois has received 24 900 shares in the Company

Sverre Strandenes has received 24 900 shares in the Company

Per Arild Reksnes has received 24 900 shares in the Company

Magne A. Reiersgard has received 24 900 shares in the Company

Rune Olav Pedersen has received 11 060 shares in the Company

Terje Bjølseth has received 11 060 shares in the Company

Joanna Oustad has received 11 060 shares in the Company

Berit Osnes has received 6 900 shares in the Company

David J. Dakin has received 3 450 shares in the Company

Bård Stenberg has received 2 750 shares in the Company

Anette Valbø has received 2 750 shares in the Company

Christin Steen-Nilsen has received 2 750 shares in the Company

3. Sale of shares

On June 6th, the primary insiders mentioned below ordered for the received
shares to be immediately sold by a third party.

The sales amount was determined on the basis of the price subsequently
obtained by the third party when selling the shares in the market. All
primary insiders mentioned below sold their shares for a price of NOK 23.24.

Guillaume Cambois has sold 24 900 shares in the Company.

Sverre Strandenes has sold 11 984 shares in the Company.

Per Arild Reksnes has sold 12 371 shares in the Company.

Magne A. Reiersgard has sold 8 158 shares in the Company.

Rune Olav Pedersen has sold 5 434 shares in the Company.

David J. Dakin has sold 1 630 shares in the Company.

Bård Stenberg has sold 1 192 shares in the Company.
Christin Steen-Nilsen has sold 1 301 shares in the Company.

4. New holding

After completion of the above mentioned transactions, Jon Erik Reinhardsen
holds 141 000 PRSU/RSU in the Company. As of today the primary insider holds
228 889 shares in the Company.

After completion of the above mentioned transactions, Gottfred Langseth holds
66 600 PRSU/RSU in the Company. As of today the primary insider holds 94 707
shares in the Company.

After completion of the above mentioned transactions, Guillaume Cambois holds
66 600 PRSU/RSU in the Company. As of today the primary insider holds 58 555
shares in the Company.

After completion of the above mentioned transactions, Sverre Strandenes holds
66 600 PRSU/RSU in the Company. As of today the primary insider holds 39 518
shares in the Company.

After completion of the above mentioned transactions, Per Arild Reksnes holds
66 600 PRSU/RSU in the Company. As of today the primary insider holds 36 117
shares in the Company.

After completion of the above mentioned transactions, Magne A. Reiersgard
holds 66 600 PRSU/RSU in the Company. As of today the primary insider holds
34 169 shares in the Company.

After completion of the above mentioned transactions, Rune Olav Pedersen holds
79 600 PRSU/RSU in the Company. As of today the primary insider holds 16 963
shares in the Company.

After completion of the above mentioned transactions, Terje Bjølseth holds 29
600 PRSU/RSU in the Company. As of today the primary insider holds 27 628
shares in the Company.

After completion of the above mentioned transactions, Joanna Oustad holds 29
600 PRSU/RSU in the Company. As of today the primary insider holds 34 221
shares in the Company.

After completion of the above mentioned transactions, Berit Osnes holds 16 000
PRSU/RSU in the Company. As of today the primary insider holds 12 943 shares
in the company.

After completion of the above mentioned transactions, David J. Dakin holds 9
000 PRSU/RSU in the Company. As of today the primary insider holds 6 972
shares in the Company.

After completion of the above mentioned transactions, Bård Stenberg holds 10
850 PRSU/RSU in the Company. As of today the primary insider holds 3 909
shares in the Company.

After completion of the above mentioned transactions, Anette Valbø holds 7 700
PRSU/RSU in the Company. As of today the primary insider holds 5 722 shares
in the Company.

After completion of the above mentioned transactions, Christin Steen-Nilsen
holds 7 700 PRSU/RSU in the Company. As of today the primary insider holds 5
592 shares in the Company.

****
Petroleum Geo-Services ("PGS" or "the Company") is a focused Marine
geophysical company that provides a broad range of seismic and reservoir
services, including acquisition, imaging, interpretation, and field
evaluation. The Company's MultiClient data library is among the largest in
the seismic industry, with modern 3D coverage in all significant offshore
hydrocarbon provinces of the world. The Company operates on a worldwide basis
with headquarters in Oslo, Norway.

For more information on Petroleum Geo-Services visitwww.pgs.com.

****

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Petroleum Geo-Services ASA via Globenewswire

HUG#2018449

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.